Daiwa Capital Markets raises Ford Motor (F.US) target price from $13 to $15.

Global Energy Roundup: Market Talk

The Japanese yen surged more than 1.6% intraday to 160.8, triggering market alarms amid speculation of intervention.

The U.S. Dollar Index fell sharply in the short term, dropping more than 0.5% to 100.26. The U.S. dollar against the Japanese yen experienced a rare rapid decline, falling over 1.8% to 160.52.

The South African rand strengthens by about 0.8% against the US dollar as PPI slows to 7.5%, lower than expected; fiscal surplus boosts market sentiment.