- The yen fell to its lowest level in more than a week as a result of the Bank of Japan's stance on yield curve control, although US futures pointed to a recovery from the sharpest plunge in tech stocks in five months.
- Following a more than 2% decline on Thursday in the underlying gauge, contracts for the tech-heavy Nasdaq 100 index increased by 0.5%. In premarket trade, Tesla increased 1.7%, reversing part of Thursday's 9.7% decline. Netflix increased 0.6% after suffering its greatest annual decline of 8.4%.
- The yen, meanwhile, fell as low as 1.4% and took the lead in losses among the Group-of-10 currencies on news that Bank of Japan policymakers do not currently see a pressing need to address the negative impacts of their yield curve control measure. The currency's value versus the dollar fell to 141.71, its lowest level in 11 days, as the likelihood of a surprise hawkish move at the BoJ's policy announcement next Friday decreased.
- UK Retail Sales MoM Actual 0.7% (Forecast 0.2%, Previous 0.3%) (Sterling strengthened)
- Japan's Top Currency Diplomat Kanda: Excessive FX moves are undesirable. (Yen strengthened)
