The Bank of Japan made a surprise move on Tuesday morning, extending the permissible yield range of 10-year government bonds. The decision caused the yen to strengthen by more than 3%, and the Nikkei225 index Read more…
FedEx is hoping a big cost-cutting drive will improve profit margins, but a weakening global economy will put its execution to the test. FedEx Corp. (FDX) – Get Free Report shares nudged higher Tuesday ahead of Read more…
“We continue to see the supply shortfall continuing through year-end and impacting the typical seasonal uptick in iPhone volumes,” said JPMorgan analyst Samik Chatterjee. Apple (AAPL) – Get Free Report shares were active in pre-market trading Read more…
Bank of Japan (BoJ) surprised the market this morning by raising the upper band on its yield curve control (YCC) policy from 0.25% to 0.50%. Bond yields in Japan rose on the news with spillover Read more…
The USDJPY was sharply lower in Asian / early European session on Tuesday (down around 3.3%) after the Bank of Japan left its interest rates unchanged but shocked markets by decision to widen the 10-yr Read more…
The Japanese yen has sent the dollar tumbling on Tuesday. USD/JPY has fallen 3.26% and is trading at 132.44 in Europe. In the Asian session, USD/JPY fell as low as 131.99 but has recovered slightly. Read more…
AUDJPY fell sharply on Tuesday after the BoJ raised the cap on 10-year bond yields. The pair broke below the key support (now turned into resistance) territory of 91.00, which had been stopping it from Read more…
EURJPY had been on a steady short-term recovery before experiencing a massive decline on the back of the BoJ’s latest decision to widen the band of its Yield Curve Control policy. For now, the retreat Read more…
USDJPY crashed to a four-month low of 132.26 in the wake of an unexpected hawkish tweak in the BoJ’s yield curve control early on Tuesday. From a technical perspective, the bearish action was the outcome Read more…
Stock futures mixed, treasury yields jump after Bank of Japan policy shift; housing starts in focus amid record slump in homebuilder sentiment; Sam Bankman-Fried to make second attempt to surrender to U.S. Authorities; FedEx edges Read more…