The dollar fell as low as 79.56 yen on trading platform EBS JPY=EBS. The previous record low was 79.75 yen set in April, 1995. Traders are nervously watching if the Bank of Japan will intervene in the currency market to stem yen gains. A stronger currency makes Japanese exports less competitive and hurts the economy. (Reporting by Wanfeng Zhou; Editing by Chizu Nomiyama)