The Nasdaq 100 rallied at the cash open as solid corporate earnings from chipmaker Nvidia bolstered positive sentiment, but optimism was short-lived as sellers quickly returned to fade the strength in the equity space amid Fed jitters. In late afternoon-trading, the tech index, however, resumed its advance, but wild intraday fluctuations suggest traders are reluctant...Read More

The Japanese Yen weakened over 2 percent in the aftermath of January’s Bank of Japan monetary policy announcement. If losses are sustained, this will end up being the best single-day performance for USD/JPY since March 2020. Let us take a closer look at what happened here. Well as it turns out, nothing much at all....Read More