Japanese yen falls to 34-year low against dollar

The Japanese Yen fell to its lowest level in 34 years against the dollar and is now trading at 115.9. Markets in the Asia-Pacific region are mixed as investors assess macroeconomic data....so what’s moving the Yen. China's combined industrial profit for January and February climbed 10.2%. Industrial profits fell 2.3% for the whole of 2023. Data from Australia showed consumer price inflation in February rose 3.4% year over year. In Japan, the currency plummeted and officials have been issuing strongly worded statements, with finance minister Shunichi Suzuki saying the country "won't rule out any steps to respond to disorderly FX moves."