Yen Jumps 2% as Waller's Dovish Comments Curb Rate Hike Bets, Nasdaq Rallies
IXIC sits 28% above its 52-week low of $20,690.249.
Summary
Fed Governor Waller signaled patience on rate hikes, cutting market odds of a September hike from 63% to 50% and sending the 10-year Treasury yield down 3.8 bps to 4.756%. The Nasdaq rallied 1.4% to 26,584, extending Wednesday's rebound. The yen surged 2% to 155.47 per dollar as traders priced in 75% odds of a BOJ hike this month. This follows a week of oil-driven inflation fears and a three-session losing streak; the dovish Fed tone and easing yields are a clear risk-on shift. Friday's jobs report is the next key test.
At the time of this announcement, IXIC was trading at $26,584.06 on NASDAQ in the Finance sector. The 52-week trading range was $20,690.25 to $27,190.21. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: CNBC TV18.