Yen Surges Amid US-Japan Intervention, Oil Prices Plummet

Asian stocks are experiencing mixed results on Monday as the Japanese yen has reached its highest level since late last year. The U.S. and Japan have confirmed that they took action to support the value of the yen against the dollar.

The move caused the yen to rise, with oil prices also falling significantly. According to reports, U.S. President Donald Trump said he would order U.S. forces to refrain from attacks on Iran, claiming a deal to end fighting in the Middle East was close at hand.