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ANALYSIS-Japan widens FX watch to include risk of yen spike as U.S. recession fears mount

Japan's Huge Fiscal Stimulus Stuck In Implementation Trap

Japan has been left with unspent budget totalling 22.4 trillion yen ($161.41 billion) from the last fiscal year, a draft seen by Reuters showed on Tuesday, which analysts say may raise questions about the way stimulus measures are implemented.
Illustration of South Korean won, Chinese yuan and Japanese yen notes seen on U.S. $100 notes

Improved risk sentiment lifts euro, sterling

The euro and sterling rose on Monday against safe-haven currencies, supported by improved global risk sentiment in a quiet trading session due to a holiday in the United States.
Micron Technology's solid-state drive for data center customers is presented at a product launch event in San Francisco

Chip Stocks Fall As Micron Outlook Signals Easing Demand

A handful of companies including chipmakers Micron and AMD are signalling an easing in the two-year long global shortage of semiconductor chips as rising inflation and cooling economies squeeze consumer and corporate spending.