From Investing.com: 2024-04-29 05:34:00

The yen plunged to new 34-year lows against the US dollar, sparking speculation of Japanese intervention as it reversed course after breaching 160 per dollar. Meanwhile, the dollar slipped despite solid economic data, with investors cautious ahead of the Fed’s policy decision and NFP report. Stocks extended gains driven by earnings and a strong US economy, while oil and gold prices dipped on hopes of a ceasefire in Israel. Treasury yields drifted lower, supporting Wall Street’s bounce back. The focus is on Chinese PMIs and Eurozone data, maintaining a risk-on mood in the markets.



Read more at Investing.com: Yen spikes on suspected intervention; big week awaits the dollar