{"id":430029,"date":"2026-05-01T03:40:06","date_gmt":"2026-04-30T20:40:06","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/05\/investinglive-americas-market-news-wrap-yen-surges-after-intervention-stock-markets-soar\/"},"modified":"2026-05-01T03:40:06","modified_gmt":"2026-04-30T20:40:06","slug":"investinglive-americas-market-news-wrap-yen-surges-after-intervention-stock-markets-soar","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/05\/investinglive-americas-market-news-wrap-yen-surges-after-intervention-stock-markets-soar\/","title":{"rendered":"investingLive Americas market news wrap: Yen surges after intervention, Stock markets soar"},"content":{"rendered":"<div>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/forex\/japan-intervened-in-the-fx-market-report-20260430\/\">Japan intervened in the FX market &#8212; report<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/trump-iran-is-dying-to-make-a-deal-with-us-20260430\/\">Trump: Iran is dying to make a deal with us<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/us-initial-jobless-claims-189k-vs-215k-estimate-20260430\/\">US initial jobless claims 189K vs 215K estimate<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/us-q1-advance-gdp-20-vs-23-expected-20260430\/\">US Q1 advance GDP +2.0% vs +2.3% expected<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/us-march-pce-inflation-35-yy-vs-35-expected-20260430\/\">US March PCE inflation +3.5% y\/y vs +3.5% expected<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/canada-february-gdp-02-vs-02-expected-20260430\/\">Canada February GDP +0.2% vs +0.2% expected<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/centralbank\/ecb-rate-decision-no-change-as-expected-20260430\/\">ECB rate decision: No change, as expected<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/centralbank\/ecbs-lagarde-most-measures-of-longer-term-inflation-stand-around-2-20260430\/\">ECB&#8217;s Lagarde: Most measures of longer term inflation stand around 2%<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/pakistani-officials-say-they-expect-new-iran-proposal-this-week-report-20260430\/\">Pakistani officials say they expect new Iran proposal this week &#8211; report<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/ai-infrastructure-spending-is-the-largest-non-war-project-in-human-history-20260430\/\">AI infrastructure spending is the largest non-war project in human history<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/forex\/euro-rises-as-report-says-the-ecb-very-likely-to-hike-in-june-20260430\/\">Euro rises as report says the ECB very likely to hike in June<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/trump-considers-plan-to-deepen-the-blockade-on-iran-with-allies-report-20260430\/\">Trump considers plan to deepen the blockade on Iran with allies &#8211; report<\/a><\/li>\n<\/ul>\n<p>Markets:<\/p>\n<ul>\n<li>S&amp;P 500 up 1.2% to record high<\/li>\n<li>Russell 2000 up 2.1%<\/li>\n<li>WTI crude down $1.82 to $105.07<\/li>\n<li>Gold up $73 to $4615<\/li>\n<li>US 10-year yields down 2.2 bps to 4.39%<\/li>\n<li>JPY leads, USD lags<\/li>\n<\/ul>\n<p>The big question today: Were the moves position squaring ahead of month end, or a better view on the war?<\/p>\n<p>Many of the big moves were reversals of the trend this month, or at least of the past week. That&#8217;s a move that looks like a &#8216;peace&#8217; trade but there wasn&#8217;t any (public) indications of a breakthrough on Iran, or even talks. There are reports that Iran is readying another proposal and the usual rumors about peace but overall it was quiet on the Iran front.<\/p>\n<p>The big news in earlier trade was the surge in the yen. There was some pointed and harsh talk about intervention beforehand but it wasn&#8217;t clear if it was actually intervention, a rate check or the strong words that caused the drop. A report from Nikkei confirmed it was intervention but the pair traded mostly sideways in New York.<\/p>\n<p>That wasn&#8217;t the case for the euro as it initially declined on the ECB decision and press conference because there wasn&#8217;t the expected strong hawkish bias. However the usual &#8216;ECB sources&#8217; reports later were much more hawkish and the euro rallied. That was combined with broad USD selling and helped push the euro as high as 1.1740.<\/p>\n<p>The Bank of England held rates but the pound solidly outperformed the euro as it rose a full figure in the North American session.<\/p>\n<p>The commodity currencies were also strongly bid as they climbed alongside a record run in stocks. Gold also turned around after yesterday&#8217;s selloff and climbed to $4616 in choppy trade.<\/p>\n<p>Maybe the best sign that something more-fundamental was driving the move was the decline in Treasury yields, which fell 5.7 at the 2-year tenor. <\/p>\n<p>Overall, it was the best month for stocks since 2020 as the AI trade was a full-throated barn burner but note that Sandisk and Western Digital are lower after the close post-earnings and a trio of Mag7 names that reported yesterday were also lower despite a red-hot tape.<\/p>\n<p>                            This article was written by Adam Button at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Japan intervened in the FX market &#8212; report Trump: Iran is dying to make a deal with us US initial jobless claims 189K vs 215K estimate US Q1 advance GDP +2.0% vs +2.3% expected US March PCE inflation +3.5% y\/y vs +3.5% expected Canada February GDP +0.2% vs +0.2% expected ECB rate decision: No change, [&hellip;]<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-430029","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/430029","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=430029"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/430029\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=430029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=430029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=430029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}