From Investing.com: 2024-04-26 07:15:00

The Japanese yen hits new multi-decade lows against the US dollar after the Bank of Japan refrains from signaling further rate increases, causing concern over possible FX intervention. USD retreats following weaker than expected US GDP growth in Q1, with inflation surprising on the upside. However, solid tech earnings drive stocks higher and gold resumes uptrend after initial jitters. Dollar/yen surpasses 156.50, testing Japanese officials’ nerves. Investors await US core PCE inflation data for March following hot inflation readings. Gold prices resilient, defying rising bond yields with central bank purchases and Asian retail demand driving the market.



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