Wall St notches gain; yen surges, intervention suspected

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Key Points

NEW YORK (Reuters) -U.S. stocks gained ground on Monday and the yen surged amid suspected intervention as investors embarked on what promises to be an action-packed week...

All three major U.S. stock indexes ended green, extending Fridays rally at the onset of a week filled with high profile earnings, crucial economic data and the U.S. Federal Reserves monetary policy meeting...

Meanwhile, the yen jumped after touching 34-year low, with traders citing heavy yen-buying intervention by Japanese banks...

This weeks data releases include European inflation and U.S. labor market indicators, while the Fed is due to convene on Tuesday for its two-day meeting at which it is expected to keep its key interest rate unchanged, but strike a hawkish tone...

U.S. Treasury yields pulled back from last weeks highs ahead of a Fed meeting and crucial economic data expected later in the week...

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