By: Gertrude Chavez-Dreyfuss, Samuel Indyk
The yen dropped against the U.S. dollar on Wednesday to its weakest since mid-1990, with markets alert to any signs of intervention from Japanese authorities to prop up their currency. The yen's weakness against the dollar has ignited the market's anxiety surrounding currency intervention. Japanese Finance Minister Shunichi Suzuki and other policymakers have said they are watching currency moves closely and will respond as needed.