Yen hits 34-year low, most global markets rise

LONDON: Wall Street and European stock markets mostly rose on Wednesday ahead of key US inflation data later this week while the yen recovered slightly from a 34-year low against the dollar.

The yen dropped to 151.97 to the dollar in Asian trading hours after a top Bank of Japan official indicated that it would press ahead with a loose monetary policy after last week’s first interest rate hike since 2007.

The Japanese currency strengthened to 151.03 in the European session on speculation...