DOLLAR/YEN BRIEFLY SEES SHARP DROP LAST UP 0.25% AT 162.34 *Walter Bloomberg (@DeItaone) / Twitter · 06-30 21:34
YEN HITS 40-YEAR LOW AS INTERVENTION FEARS GROW The Japanese yen fell to its weakest level since 1986, fueling expectations of possible government intervention. China’s stronger-than-expected factory data helped steady the yuan and supported regional sentiment. The U.S. dollar remained firm ahead of Thursday’s payrolls report and potential U.S.-Iran talks, while most Asian currencies traded in narrow ranges. *Walter Bloomberg (@DeItaone) / Twitter · 06-30 19:29
NASDAQ SURGES TOWARD 20% QUARTERLY GAIN U.S. stocks are set to end the quarter on a high, with futures pointing higher. The S&P 500 is up 14%, while the Nasdaq has surged 20%—its strongest quarter since 2020—despite recent volatility. Markets are also watching U.S.-Iran talks in Qatar, while oil remains steady. Meanwhile, the Japanese yen is near a 40-year low, keeping traders alert for possible intervention. *Walter Bloomberg (@DeItaone) / Twitter · 06-30 19:27