Based on Bpaynews, the Japanese yen surged as reports indicated the Bank of Japan is intensifying its rate-hike messaging, pushing USD/JPY lower and increasing volatility in yen pairs. At the same time, US stocks rose on renewed expectations of Federal Reserve rate cuts, with Apple and Alphabet hitting record highs. Traders are now focusing on the upcoming US core PCE inflation data to assess the likelihood of a soft landing and potential policy easing.
Yen Surges on BOJ Hawkish Shift, US Stocks Rally on Fed Cut Hopes
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