Japan and US confirm rare joint intervention to support yen
Japan and the United States have confirmed a rare coordinated intervention in foreign exchange markets to buy yen and slow the currency's decline. The move was aimed at halting the yen's slide to 40-year lows and at countering what officials described as excessive volatility and disorderly movements. Tokyo said it remains ready to act again if needed, while Washington framed the step as support for market stability and the wider global economy.Japan's Ministry of Finance said the intervention took place on Friday in coordination with the US Treasury Department. The ministry said the action was taken after recent months of... [Continue Reading]
360LiveNews | 03 Aug 2026 03:30 LONDON
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Tokyo Opens Higher as Nikkei Surges, Yen Slides and Gold Extends Record-Style Momentum
Executive summary: Tokyo and broader Asia-Pacific markets opened with a clear risk-on tone, led by a sharp jump in the Nikkei 225 and gains in Hong Kong and Australia. The move came alongside a weaker yen, firmer gold and silver, and strength in energy and industrial metals, while South Korea’s Kospi lagged. The session points to a market still balancing growth optimism, currency volatility and commodity inflation signals. [Continue Reading]
360LiveNews Markets Intelligence | 03 Aug 2026 01:15 LONDON
Peru constitutional court overturns ex-president Ollanta Humala corruption sentence
Peru's constitutional court has overturned a 15-year prison sentence handed to former president Ollanta Humala, nullifying the criminal proceedings against him in a major reversal in one of the country's most closely watched corruption cases. Humala, who led Peru from 2011 to 2016, had been convicted in 2025 over allegations that he accepted illegal funds to finance his election campaigns. He is now expected to be released from Barbadillo Prison in Lima, according to local media.The ruling centres on claims that Humala received money linked to the Venezuelan president and the Brazilian construction company Odebrecht for his 2006 and 2011... [Continue Reading]
360LiveNews | 31 Jul 2026 12:00 LONDON
