Brazil Supreme Court Approves Probe Into Lula’s Son Over Health Ministry Lobbying Claims 
China PMI Falls Into Contraction as Manufacturing, Services Weaken in July 
Trump Weighs Iran Strikes as U.S. Embassies Issue Emergency Security Alerts 
North Korea Warns U.S. Forces Japan Expansion Raises Korea Conflict Risk 
Lebanon Lawyers Seek Probe Into Banker Over Alleged Netanyahu Dinner in Washington 
UK Economy Faces 2027 Recession Risk if Strait of Hormuz Stays Closed, EY Warns 
BOJ Rate Decision in Focus as Sticky Inflation, Weak Yen Shape USD/JPY and Nikkei Outlook 
China PMI Contracts in July as Weak Demand and Typhoons Weigh on Economy 
Capital One Says AML Review Led to Closure of Trump Organization Accounts 
China Defends Industrial Policy Ahead of Key U.S. and EU Trade Talks 
Oil Prices Drop Nearly 5% as Trump Delays Iran Strike, Markets Eye Strait of Hormuz Deal 
US Jobs Report, Fed Outlook, and Big Tech Earnings Put Stock Market in Focus 
Trump Announces Hamas Disarmament Deal Under Gaza Peace Plan 
Warner Bros. Discovery Shares Rise as Newsom Pushes Settlement in $110 Billion Merger Fight 
US Stock Futures Rise as Amazon Earnings Boost AI Optimism Despite Apple Selloff 
Spain Installs Floating Barrier as Ceuta Migrant Crossings Halt After Deadly Surge 
The United States is prepared to join additional coordinated foreign exchange intervention with Japan if excessive volatility in the yen continues, U.S. Treasury Secretary Scott Bessent said on Sunday, reinforcing Washington's support for stabilizing currency markets.
In a post on X, Bessent said the joint U.S.-Japan intervention conducted on Friday successfully addressed what he described as "disorderly yen movements." He added that the U.S. Treasury remains in close coordination with Japan's Ministry of Finance (MOF) and the Bank of Japan (BOJ).
"We will not hesitate to participate in further joint intervention," Bessent wrote. He also backed expanding the Federal Reserve's Foreign and International Monetary Authorities (FIMA) Repo Facility, describing it as a key liquidity safeguard for global financial markets.
Japan recently confirmed that Friday's operation marked the first coordinated yen-buying intervention with the United States since 2011. The move followed the Japanese currency's sharp decline to a 40-year low against the U.S. dollar, raising concerns over excessive market volatility.
The intervention triggered a strong recovery in the yen. Japan's currency gained more than 2% on Thursday and extended its advance on Friday, strengthening to below the 158-per-dollar level ahead of the BOJ's latest monetary policy decision. By early Monday trading, the USD/JPY pair stood at 157.71 after falling nearly 4% over the previous week.
The Bank of Japan left its benchmark short-term interest rate unchanged at 1% on Friday but indicated it remains open to further rate hikes if underlying inflation continues to strengthen, signaling a gradual path toward tighter monetary policy.
President Donald Trump also welcomed the coordinated action, calling it an example of close economic cooperation between the two allies.
"They wanted a little bit of help, and we're always there for Japan," Trump told reporters aboard Air Force One on Sunday.
Bessent further praised Japan's recent currency and monetary policy measures, arguing they address the yen's significant undervaluation. He added that Prime Minister Sanae Takaichi's administration is entering "an exciting new phase of Abenomics," highlighting Washington's confidence in Japan's evolving economic strategy.
