Let’s start with the assumption that the MoF/BoJ have reached their point of pain. I am not saying this is the case but it pays to be on intervention alert. After looking at this chart from Friday you can see why I say it pays to be on alert.
Is it Time for the Bank of Japan to Put Their Money Where Their Mouth Is?
Is it Time for the Bank of Japan to Put Their Money Where Their Mouth Is?
A look at the day ahead in U.S. and global markets from Mike Dolan
A volatile week for Wall Street megacaps looks set to end with a positive twist as Microsoft (MSFT.O), and Alphabet (GOOGL.O)
, earnings wowed the gallery overnight, while the yen plunged anew in Asia as the Bank of Japan left policy on hold.
After a day in which Meta’s (META.O) outsize spend on artificial intelligence appear to spook investors and sent both its stock and the wider tech sector into tailspin, its rivals appeared to steady the ship overnight.
Morning Bid: Big Tech see-saw flips positive, yen swings wildly
Do Not Forget – Economic Data Calendar
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