Forex
Asia Markets Surge on Micron Earnings, Yen Weakening
Asian markets rebounded strongly on Thursday following strong earnings results from Micron and a surge in the semiconductor sector.
The Nikkei 225 index in Japan rallied 2.89% to around 69,027 points, while South Korea's KOSPI gained 0.9%.
The yen weakened against the dollar despite hawkish comments from the Bank of Japan, with USDJPY rising near 158.30.
US Treasury yields rose despite a lower inflation reading due to recent GDP revisions.