Yen Surges as US and Japan Intervene in Currency Markets

Asian stock markets were mixed on Monday after the U.S. and Japan intervened to prop up the value of the Japanese yen against the U.S. dollar.

The move caused the yen to rise to its highest level since late last year, with the Nikkei index also affected by the exchange rate fluctuations.

The intervention aimed to stabilize the financial markets in Asia and mitigate any potential impact on global trade.