The Japanese yen weakened against other major currencies in the Asian session on Thursday, as market speculate the Japanese authorities is likely to intervene the foreign exchange market to prop up the yen ahead of the BOJ policy meeting.

The Japanese yen weakened against other major currencies in the Asian session on Thursday.

European stocks may open on a sluggish note Thursday as investors react to Facebook parent Meta Platforms' disappointing Q2 revenue outlook and plans to spend nearly $100 billion this year in its AI products.

Consumer sentiment survey data from Germany is the top economic news due on Thursday, headlining a light day for the European economic news. At 2.00 am ET, the market research group GfK is slated to issue Germany's consumer confidence survey results. The sentiment index is forecast to rise to -25.9 in May from -27.4 in April.

Indian shares opened Thursday's session on a subdued note, tracking weak cues from other Asian markets after Meta Platforms disappointed investors with forecasts of higher expenses and lighter-than-expected revenue.

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Crypto: Bears are plotting a new attack

he U.S. equity markets saw a halt in their two-day rally, primarily pulled down by disappointing earnings from Meta Platforms. As a result, both the Nasdaq and S&P 500 were left nearly unchanged, while the Dow Jones Industrial Average closed lower.

The EUR/USD pair rose to 1.0707 on Wednesday, driven by increased local risk appetite and the belief that the currency was significantly oversold against the US dollar. This resurgence indicates a temporary rebalancing in the currency market.

WTI futures develop within a bullish channel since December ; Price retreats from a 6-month high but finds support at 50-day SMA ; Oscillators suggest intensifying positive momentum

Bitcoin dipped 0.6%; ROC signals align. Apple rose 0.8%, but stochastic signals negativity. Aussie dollar climbed 0.5%, supported by CCI. Gold fell 0.4%; stochastic RSI suggests oversold. Oil hits $100/barrel; USD index drops. Yen hits multi-year lows vs. USD, Euro.