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Japan's historic joint intervention with the US is shifting market focus to whether the yen can strengthen beyond 155 per dollar, a threshold strategists view as a key test for the rally's staying power. The level carries significance far beyond standard technicals. Japan's April and May interventions briefly dragged dollar-yen toward 155 before it resumed climbing, reinforcing views that official action merely buys time. Now, investors are weighing whether a clean break below it signals a structural shift. Steve Englander, Global Head: G10 FX Research at Standard Chartered, discusses the move to intervene and what it means for global currencies.

On this episode of Stock Movers: - Wayfair (W) shares jumped after the furniture retailer gave third-quarter guidance during its earnings call. The company said it expects high single-digit revenue growth in the current quarter. - McDonald's (MCD) is rising after the fast-food chain reported comparable sales for the second quarter that are slightly below the sell-side consensus estimate, while adjusted EPS was ahead. - Caterpillar (CAT) shares are surging after the company's second-quarter earnings blew past Wall Street's second-quarter expectations, easing concerns over the growth of power-generation equipment sales to data centers. - Palantir (PLTR) shares jumped after the company boosted full-year revenue and income forecasts and described commercial demand for its data analytics tools as "otherworldly." Palantir now expects $4.89 billion to $4.91 billion in adjusted income from operations this year.

Expeditors International of Washington (NYSE:EXPD) reported second-quarter revenue of $3.502 billion, up 32%, while diluted EPS increased 51% to $2.03.

Available positions fell to 7.36 million from 7.54 million in May, according to Bureau of Labor Statistics data. Speaking on "Bloomberg Open Interest," Michael McKee also reports on the revised factory orders and durable goods orders data.

Cummins (NYSE:CMI) reported second-quarter revenue of $9.5 billion, up 9%, as power-generation and North American truck demand supported growth.

Caterpillar Inc. crushed Wall Street's second-quarter expectations as the company reported stronger sales across its businesses, posted a record equipment backlog and increased its forecast for 2026 sales. Matthew Griffin reports on Bloomberg Television.

TPG (NASDAQ:TPG) reported second-quarter revenue of $1.84 billion and diluted EPS of $0.39, reversing a $0.05 loss one year earlier.

Sysco (NYSE:SYY) reported fiscal fourth-quarter sales of $22.1 billion, up 4.7%, as U.S. Foodservice case volume increased 2.5%.

Grainger (NYSE:GWW) reported second-quarter net sales of $5.021 billion, up 10.3%, while diluted EPS increased 20.5% to $12.01.

Qnity Electronics (NYSE:Q) reported second-quarter net sales of $1.429 billion, up 22%, while adjusted operating EBITDA reached $431 million.

Gartner (NYSE:IT) reported second-quarter revenue of $1.676 billion, down 0.6%, while adjusted EPS increased 23.8% to $4.37.

McDonald's named long-time executive Skye Anderson as president of its US business, replacing Joe Erlinger, to bring "focus and urgency" to its home market, after the fast-food chain posted its slowest growth since the start of 2025. Redd Brown reports on Bloomberg Television.