News Snapshot:
Japan’s long-suppressed yen surged and global bond and stock markets flinched on Thursday, as Tokyo’s monetary policymakers gave their clearest hints yet that the exit from ultra-low interest rates was approaching. The yen rose 1.5% against the U.S. dollar, its biggest one-day jump since January, and looked set to extend its post-COVID record of finishing years strongly. The Nikkei’s sharpest drop since late October had ensured Asian stocks finished lower while the FTSE 100, DAX, CAC 40 and S&P 500 futures were all around 0.3% weaker in early European trading. Bank of Japan Governor Kazuo Ueda had added to speculation...
