The Yen Rises Against its Peers, While the Nikkei Takes a Step Back on Poor Earnings

“The yen strengthened, while European stocks and U.S. equity-index futures were little changed before a report on durable goods. The pound weakened after Mark Carney, who becomes Bank of England governor in July, said there’s room for more stimulus.

Japan’s currency appreciated against 15 of its 16 major peers, gaining 0.2 percent versus the euro at 7:40 a.m. in New York. The pound dropped to its lowest level against the euro since December 2011. German 10-year bund yields climbed to the highest level in four months. The Stoxx Europe 600 Index swung between gains and losses and Standard & Poor’s 500 Index futures advanced 0.1 percent. The Shanghai Composite Index jumped to a seven-month high after Chinese industrial companies’ profits gained for a fourth month…”

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The Nikkei Falls Back