Japan and the United States jointly intervened to strengthen the yen for the first time since 2011, sending the dollar-yen pair from nearly 164 to as low as 155. It was the first US action to boost the yen since 1998. The move hit Japanese shares, with Toyota, Sony, Honda and several banks falling on Monday, while Mitsubishi UFJ initially rose before turning lower. Global stocks shrugged off the shock, as the S&P 500 rose for three straight sessions and hit an intraday record on Tuesday, its first in two months. The 30-year Treasury yield briefly broke to its highest since 2007 before retreating, but equities continue to set the tone on risk.
Toyota Motor Corp.
Honda Motor Co., Ltd.
Sony Group Corporation
Mitsubishi UFJ Financial Group, Inc.