Europe Market Open: USD/JPY breached 160.00 before paring back to near 155.00
29.04.2024
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- APAC stocks began the week on the front foot after the tech-led surge last Friday on Wall St; Japan was on holiday.
- European equity futures indicate a positive open with the Euro Stoxx 50 future +0.4% after the cash market closed up 1.4% on Friday.
- USD/JPY saw volatile trade in which it initially surged to above 160.00. The pair later saw a sharp drop and breached 156.00 to the downside despite the absence of any obvious drivers.
- Egypt offered a new proposal for a truce between Israel and Hamas in which some Israeli hostages would be exchanged for Palestinian prisoners and a three-week ceasefire.
- Looking ahead, highlights include Spanish and Germany CPI, EZ Sentiment, US Dallas Fed Manufacturing Index, Comments from ECB’s de Guindos, Supply from EZ & US Quarterly Refunding Estimates.
Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
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