Investing in Currencies

By Lewis Krauskopf NEW YORK (Reuters) - As a strong year in U.S. stocks winds down, fund managers face a potentially consequential choice in 2024: stick with the few massive growth and technology names that have powered equity indexes higher, or take a shot on the rest of the market. Shares of the so-called Magnificent Seven – Apple (NASDAQ:), Microsoft (NASDAQ:), Alphabet (NASDAQ:), Amazon (NASDAQ:), Nvidia (NASDAQ:), Meta Platforms (NASDAQ:) and Tesla (NASDAQ:) – have individually soared between around 50% and 240% in 2023, making them among the market's most...

The Japanese yen retreats to 142.5 per dollar as Bank of Japan's December meeting reveals discussions on exiting massive stimulus, signaling caution and a focus on the wage-inflation cycle. Governor Ueda hints at a rising likelihood of Japan's economy escaping low inflation but emphasizes a gradual approach to policy changes.HighlightsJapanese Yen Depreciation: The Japanese yen has weakened, slipping past 142.5 per dollar, indicating a depreciation from recent highs.Bank of Japan's December Meeting Summary: The easing of the yen is linked to the Bank of Japan's (BOJ) December meeting, where board...