Let’s start with the assumption that the MoF/BoJ have reached their point of pain. I am not saying this is the case but it pays to be on intervention alert. After looking at this chart from Friday you can see why I say it pays to be on alert.
A look at the day ahead in U.S. and global markets from Mike Dolan
A volatile week for Wall Street megacaps looks set to end with a positive twist as Microsoft (MSFT.O), and Alphabet (GOOGL.O)
, earnings wowed the gallery overnight, while the yen plunged anew in Asia as the Bank of Japan left policy on hold.
After a day in which Meta’s (META.O) outsize spend on artificial intelligence appear to spook investors and sent both its stock and the wider tech sector into tailspin, its rivals appeared to steady the ship overnight.
Nikkei News
TOKYO — The Bank of Japan kept its policy unchanged on Friday, holding off on additional action to deter further selling of the embattled Japanese currency.
The Japanese central bank decided in a two-day policy meeting to guide overnight call rates between 0 and 0.1%, a policy target adopted after the negative rate policy was lifted on March 19.