Yen Surges Against Dollar Amid Japan Intervention

Asian markets were mixed on Monday as the Japanese yen surged against the US dollar after the US and Japan confirmed they had intervened to prop up its value.

The move came in response to concerns over a potential economic slowdown in Japan, which has seen a decline in exports due to the strong currency.

Meanwhile, oil prices fell sharply after US President Donald Trump announced that he would order US forces to refrain from attacking Iran, citing progress towards a deal to end fighting in the Middle East.