Dollar sags versus yen after Japan warning; Aussie slides on China data

The Australian dollar fluctuated after strong inflation data was offset by further indications of a slowdown in China. The Chinese currency slipped, reaching a six-month low in offshore trading. The yen also saw some fluctuations as it was little changed with the greenback at 139.82 yen, following a decrease of 0.46% on Tuesday after Japanese officials discussed the country’s currency. The general manager at State Street in Tokyo believes the real line in the sand for Japan is 150 yen and if it surpasses 145 yen, Japanese officials are likely to start taking action.