US, Japan Warn of More Yen Action If Needed; Oil Falls on US-Iran Optimism |Bloomberg Brief 08/03/26

US and Japanese officials said they are committed to defending the yen following their first joint intervention in 15 years, with both countries signaling willingness to take additional action if needed. Oil prices declined after President Trump said he called off military strikes in the Middle East and that US-Iran talks are set to resume. Fed Chair Warsh is considering changes to the frequency and timing of Federal Reserve meetings. Prysmian announced an all-cash acquisition of US electrical parts manufacturer Atkore.

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