The US and Japan have reached a trade agreement, boosting hopes for more deals and increasing the possibility of US-EU talks. The yen strengthened initially on the news but pulled back amid reports of Japanese Prime Minister Ishiba potentially stepping down. Equities gained on the US-Japan deal, with tech earnings in focus. The trade developments could impact the European Central Bank’s upcoming rate decision. The yen may see further gains on BoJ hike bets, but reports of Ishiba’s resignation could limit its recovery. Stocks celebrated the trade developments, with key tech earnings from Alphabet and Tesla on the horizon.

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