Dollar hits highest against Japanese yen since July 1990

Japanese yen and US dollar banknotes are seen with a currency exchange rate graph in this illustration picture

Credit: Reuters Photo

The yen weakened on Wednesday, pushing the dollar to its highest against the Japanese currency since 1990, with markets alert to any signs of intervention from the Japanese authorities to prop the yen.

This followed latest US inflation data.

The dollar was last up 0.35% at 152.31 yen, having touched its strongest since 1990.