A look at the day ahead in European and global markets from Kevin Buckland
European traders may do well to brace themselves for a sell-off on Friday, with equity markets sinking around Asia as investors adjust to the prospect of later and fewer Fed rate cuts this year.
Morning Bid: Rethink on Fed cuts creates tech wobble
USDJPY 4 HOUR CHART
Key levels are obvious
148.30 resistance (void above it)
148 sets the bias
USDJPY finding support despite the risk of the long-awaited rate hike next week, neutralized by higher US bond yields.
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