Yen jolt

With Japanese markets on holiday and liquidity thin, the yen jumps sharply on what sources suggest may be a second round of official buying. Central banks in Europe lean hawkish despite stagflation concerns, while Apple's earnings beat is tempered by Tim Cook's warning that iPhone prices could rise due to chip shortages.

Today’s recommended read: The UAE dumping OPEC may not affect crude as anticipated, by Clyde Russell

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