The day's essential Malaysian news, briefed.
Japan's yen climbed sharply past 158 against the US dollar, prompting market speculation about potential government intervention as Tokyo grapples with fiscal pressures and a weakening currency.
The US dollar reached its strongest level in more than a year as market expectations for Federal Reserve rate hikes solidify, while the Japanese yen deteriorated toward 40-year lows, triggering concerns about currency intervention.
Japan's yen has tumbled to near 40-year lows despite the Bank of Japan hiking interest rates to a 31-year high last week. Markets are bracing for potential government intervention as neither monetary tightening nor currency support measures have halted the persistent decline.