Google Rips, Meta Dumps, Japanese Yen Spikes on Intervention Warning cover art

Google Rips, Meta Dumps, Japanese Yen Spikes on Intervention Warning

Google Rips, Meta Dumps, Japanese Yen Spikes on Intervention Warning

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Summary

Markets are having mixed reactions to big tech earnings ahead of the open today with Google and Meta making big moves in opposite directions driven mainly by their big bets on AI. Meanwhile keep one eye on the Yen Carry Trade as Japanese interest rates are soaring and the Yen is strengthening following hawking statements and intervention warnings from policy makers.

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