Dow Jones futures fall 0.11% to trade below 47,400 during European hours ahead of the opening of the United States (US) regular session on Thursday. Moreover, the S&P 500 futures and Nasdaq 100 declined by 0.14% and 0.24%, with trading around 6,820 and 25,700, respectively.
The Japanese Yen (JPY) steadied after early strength, with sentiment and equity performance remaining key drivers as USD/JPY holds within a narrow 153–154 range, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
The British Pound (GBP) rebounds against the Japanese Yen (JPY) on Wednesday, recovering from a sharp sell-off the previous day that followed UK Chancellor Rachel Reeves’ pre-budget speech. The announcement sparked heavy selling in Sterling, pushing GBP/JPY to nearly one-month lows on Tuesday.