As the trading week draws to a close, Yahoo Finance reporter Jared Blikre provides a breakdown of the day’s most significant market trends, including the continued surge of megacap tech stocks, the Bank of Japan’s (BOJ) intervention surrounding Japan’s 10-year yield bond yields, and bitcoin’s (BTC-USD) sharp decline. For more expert insight and the latest
(Bloomberg) — The euro fell to its lowest in a month after French President Emmanuel Macron called a snap vote in the wake of European Parliament elections. Asian currencies declined on the heels of a strong US jobs report from Friday. Most Read from Bloomberg The common currency dropped as much as 0.5%, retreating alongside
The yen has been on a downtrend despite the BOJ’s decision on March 19 to end eight years of negative interest rates. Natanael Ginting | Istock | Getty Images Japanese Finance Minister Shunichi Suzuki said on Monday there were some speculative moves in the currency market that did not reflect economic fundamentals, repeating his warning against excessive yen declines. “We will watch currency market developments