REUTERS/Kim Kyung-HoonSINGAPORE/LONDON, June 28 (Reuters) - The yen was under pressure against most other major currencies on Wednesday, even as Japanese authorities said they could intervene to prop it up, while the Australian dollar dropped after data showed inflation eased in May.
The U.S. dollar rose to 144.26 yen on Wednesday, a fresh seven-month high, while the euro climbed to a 15-year high of 157.98 yen.
Meanwhile, the Australian dollar fell to a three-week low of $0.6618 after the local consumer price inflation rate slowed to a 13-month low in May.
It was last down 0.78% at $0.6634, and the neighbouring New Zealand dollar fell 1.17% to $0.6090, its biggest daily fall in a month.
A measure of core inflation in Australia also cooled, in a sign interest rates might not have to rise again in July.
Persons:
Kim Kyung, Masato Kanda, Lee Hardman, Jerome Powell, Andrew Bailey, Christine Lagarde, Kazuo Ueda, Ankur Banerjee, Muralikumar Anantharaman, Jamie Freed, Emelia
Organizations:
National Printing Bureau, Bank of Japan, REUTERS, Hoon, U.S, MUFG, New Zealand, Traders, Bank's, U.S . Federal, Bank of England, Thomson
Locations:
Tokyo, Japan, Hoon SINGAPORE, LONDON, Australia, Europe, U.S, Singapore