Asian stocks are mixed as yen jumps against the dollar, while oil prices

Asian shares were mixed Monday after the U.S. and Japan confirmed they had acted to prop up the value of the Japanese yen against the U.S. dollar, causing the yen to rise to its highest level since late last year. Oil prices fell sharply after U.S. President Donald Trump said he would order U.S. forces to refrain from attacks against Iran, claiming a deal to end the fighting in the Middle East was close. The dollar fell as low as 155.20 against the yen after Trump and Japanese officials confirmed they had intervened last week to curb the U.S. currency’s rise to 40-year highs against the yen.