Much to do about yen intervention

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News Source : Yahoo Entertainment

News Summary

  • Japan sold almost $60 billion to support the yen and Scott Bessent's "to-do" list revealed u.s. plans to spend between $5 billion and $10 billion.
  • The action has arrested a ‌slide that took the yen to 40-year lows last week, with renewed currency weakness a feature so far of Sanae ​Takaichi's nine months as prime minister.
  • In deals news, AstraZeneca shares fell sharply on Monday as investors baulked at reports of merger talks with Bristol Myers Squibb.
By Mike Dolan August 3 (Reuters) What matters in U.S. and global markets today By Mike Dolan, EditoratLarge, Finance and Markets Japans yen strengthened further on Monday as the U.S.

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