BOJ Leans Hawkish, Intel Earnings Propel Nasdaq

The bank of Japan followed through last night on yesterday's leaked article in Nikkei suggesting the central bank would begin to ease off on it's ultra-dovish Yield Curve Control policy, sending Japanese government bond yields higher. Elsewhere Intel reported earnings after the close yesterday that surprised to the upside after significant cost cuts and layoffs helped the company return to profitability. This has the entire chips sector on the rise driving the Nasdaq higher this morning.

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