Equities were green across the board in Thursday’s session, led by the Nasdaq which was up almost 200 points on renewed AI optimism after Google unveiled its newest AI model, Gemini. But it was the FX space where the big moves happened. JPY surged to have its best day of 2023 on the back of hawkish commentary from Bank of Japan Governor Ueda hinted at the end of the Central banks easy money policies, this saw a flash crash in USDJPY to 141.60 before the pair found some support at the 200 Day MA. A big driver of this pair has been the carry trade, traders cashing in the difference between US and Japanese yields, so ... (full story)