Dollar Steady Before Inflation Data; Yen Nears 34-Year Low as Japan Watches for Sharp Falls

• Dollar pauses ahead of US inflation data on Wednesday, which will be a key test for dollar strength • Yen nears 34-year lows against dollar; Japan authorities remain on alert to intervene to prop up yen • Bank of Japan Governor gives little away on monetary policy in recent comments • Former top Japan currency official says authorities could intervene "at any time" if yen falls are sharp enough • For euro, base case is ECB holds rates this week, possibly reinforces chance of June cut; but central bank increasingly confident inflation heading to 2% target