Markets Stay on High Alert Amid Yen Intervention and Inflation Fears

The summer months may seem like a time for markets to take a break, but there's no respite from the action.

The Japanese yen has been under pressure, with intervention from both Japan and the US aimed at supporting its value.

Federal Reserve policymakers are also watching inflation data closely, with forecasts suggesting consumer prices rose 3.4% year-on-year in July, exceeding the central bank's 2% target.