In New York trading on the 31st, the dollar-yen fell 0.8% to 158.225 yen. With the government and Bank of Japan believed to have conducted yen-buying intervention the previous day, caution over additional intervention capped the dollar's upside. Gold fell 2% as the US dollar recovered after posting its biggest drop since January 2023 the day before. In the stock market, the three major indexes extended gains, with Amazon.com surging on strong earnings while Apple fell on a lackluster outlook. Long-term government bond yields were on track to rise on a monthly basis, with the 10-year yield up 8.2 basis points to 4.745%. Crude oil futures rose on reports of a tanker turning back in the Strait of Hormuz, with WTI futures settling 1.3% higher at 84.67 dollars a barrel.
Apple Inc.Apple fell on a lackluster outlook, indicating weak demand expectations.
Amazon.com IncAmazon.com surged on strong earnings, a positive financial result.