USD/JPY in Turmoil, Rumors of Possible BoJ YCC Tweak Sends Yen Soaring

USD/JPY slumps following reports that the Bank of Japan could tweak its yield curve control program at its July monetary policy meeting, as part of a strategy to start moving away from its ultra-loose stance.

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DAX, Dow Latest: FOMC, ECB, US GDP and Earnings Spur on Advances

The Dow’s impressive run continues as traders seemingly opt for value over growth while positive German earnings and a slightly dovish ECB propels the DAX higher

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US Second-Quarter GDP Growth Shatters Estimates, Boosting Yields and the Dollar

U.S. GDP grew at an annualized rate of 2.4% in the second quarter, well above expectations of 1.8%, indicating that the U.S. economy remains in remarkably good health despite high interest rates.

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