WS #13297
US and Japan confirm first coordinated yen-buying intervention since 2011, USD/JPY drops ~1% to ~156.34, battering Japanese exporters and auto stocks. China's July manufacturing PMI drops to 4-month low of 50.9, missing forecasts, signaling slowing factory activity and adding to global growth concerns.
Coordinated yen intervention
US and Japan confirm first coordinated yen-buying intervention since 2011, USD/JPY drops ~1% to ~156.34, battering Japanese exporters and auto stocks.
China's July manufacturing PMI drops to 4-month low of 50.9, missing forecasts, signaling slowing factory activity and adding to global growth concerns.