Yen Drops on BOJ’s Dovish Tone, US Futures Decline: Markets Wrap

From Yahoo Finance:

The Bank of Japan ends negative interest-rate policy, causing the yen to fall. Bonds gained, with Topix closing at highest since 1990. Dollar strengthened after BOJ’s very dovish rate hike. Attention now shifts to the Federal Reserve meeting. Australian dollar falls as Reserve Bank signals end of tightening monetary policy. Bitcoin retreats after record outflows from Grayscale Bitcoin Trust.

Corporate highlights include Unilever separating its ice cream business, AstraZeneca acquiring Fusion Pharmaceuticals, Thyssenkrupp discussing partial sale of naval shipbuilding unit, and Airbus walking away from Atos deal. Nvidia unveils faster processor design at GTC conference.

Key events this week include US housing starts, Eurozone consumer confidence, Fed rate decision, ECB and Bank of England rate decisions, and Japan CPI report. Market movements show Stoxx Europe 600 little changed, while S&P 500, Nasdaq 100, and Dow Jones futures fall. Currencies see the dollar, euro, yen, yuan, and pound moving against each other. Bitcoin and Ether prices decline, as bond yields and commodity prices fluctuate.



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