UK economy faces recession if strait of Hormuz remains closed, EY warns - business live

Rolling coverage of the latest economic and financial news The yen has hit its highest level in three months after Japan and the US launched a combined operation to support the Japanese currency. The yen strengthened to ¥155 to the US dollar on Monday, its highest level since early May, after Tokyo and Washington confirmed they had carried out a rare joint currency intervention late last week. They have a weakening yen, and they wanted a little bit of help. And we’re always there for Japan.” ...

By Lauren Almeida