Trading Day: The only way is up

ORLANDO, Florida, Aug 3 : World stocks leaped to record highs on Tuesday, boosted by a relentless stream of strong U.S. and global earnings, with another slump in oil prices on Middle East peace hopes pushing down on bond yields and boosting investor sentiment also.In my column today, I dig deeper into America's unprecedented currency market intervention last week. Washington's commitment to help Japan prop up the yen should not be doubted, but there is a fair degree of self-interest at play too, especially regarding the $29 trillion U.S. Treasury market. If you have more time to read, here are a few articles I recommend to help you make sense of what happened in markets today.1. Bessent's call to upsize Fed foreign lending facility may not be risk-free 2. Japan may not have intervened in