Global shares steady amid yen intervention and tech gains
Global markets remained stable as Japanese authorities intervened to support the yen. Strong tech earnings and central bank rate decisions influenced sentiment.
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Japan authorities likely spent tens of billions of dollars to prop up the yen, causing USD/JPY to fall 1% on Friday morning. The move follows a suspected intervention on Thursday afternoon after the currency hit near two-year lows. Investors face heightened volatility as Tokyo draws a line against currency depreciation despite hawkish shifts from the United States.
