Morning Bid: BOJ hikes, Fed next

BOJ News

Morning Bid: BOJ hikes, Fed next
Global MarketsAnkur Banerjee
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Investors in Europe will wake up to a volatile yen after the BOJ raised interest rates in a long-awaited move and a growing divide in the AI world following ...

Investors in Europe will wake up to a volatile yen after the BOJ raised interest rates in a long-awaited move and a growing divide in the AI world following contrasting earnings from tech bellwether Microsoft and chipmaker AMD.

A slew of factors including likely official intervention, a sell-off in equities and a reassessment of popular carry trades have helped the yen rebound although the currency is still down 7.6% against the dollar for the year. But before that, the euro zone's inflation report will be the main economic focus for the day and comes after data on Tuesday showed the economy in the region grew slightly more than expected in the three months to June.

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