Markets hold steady as suspected Japan intervention whips yen trading

The yen’s wild swings are driving every trade

Global markets steadied as traders focused on sharp yen moves, reportedly linked to suspected Japanese intervention. The dollar dipped briefly, then stabilized, while equities found support from strong tech earnings. Central banks kept interest rates unchanged, but hawkish cues from the Fed and ECB maintained caution. Meanwhile, rising oil prices and geopolitical tensions are reigniting inflation worries.