Japanese Yen Falls to 34-Year Low. Asian Stocks Down, Euro Markets Up.

The Japanese yen fell to its lowest against the dollar since 1990 Wednesday, raising the prospect of intervention by Japan’s authorities. The yen fell to 151.97 per dollar earlier in the day before rallying. The currency rebounded slightly, last trading at 151.17 after authorities announced a meeting Wednesday to discuss international financial markets, between the Bank of Japan, the country’s Finance Ministry and its Financial Services Agency.