Currencies

Changpeng Zhao’s sentence was lighter than prosecutors had requested and the culmination of a multiyear U.S. investigation into crypto exchange Binance.

Canada’s second-largest bank by market capitalization said the provision is related to talks with one U.S. regulator.

Japan likely carried out significant yen-buying intervention on Monday, according to a calculation based on data from the Bank of Japan and private money brokers.

Japan’s top currency official said it was the government’s job to respond firmly to excessive movements in the currency market driven by speculators because these movements exerted a negative effect on the economy.

The yen has plummeted against the dollar this year, hurt by increasing doubts among traders about the timing of U.S. interest-rate cuts.