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The dollar fell 3.3% against the yen on Thursday following suspected Japanese intervention, while Treasury Secretary Scott Bessent called the yen "very undervalued." The Fed kept rates unchanged despite three dissents, with markets pricing a 63% chance of a September hike.

Japan's 10-year yield slipped below 2.8% after the BOJ kept its policy rate at 1%, the highest level since 1995 following June's hike. Policymakers highlighted upside inflation risks tied to Middle East tensions, while the yen's sharp rally after suspected intervention eased pressure for more aggressive BOJ tightening.

Amazon surged more than 9% after strong cloud results, while Apple fell over 6% as weak services revenue overshadowed a 22% jump in iPhone sales. 

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Daily Market Analysis (31.07.2026) by ZitaPlus

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