TechFlow News: On February 2, according to JIN10 Data, the USD/JPY exchange rate strengthened during Monday’s early trading session, while Asian stock index futures broadly declined and U.S. stock index futures fell by 1%, underscoring market fragility following a volatile week on Wall Street. At the market open, spot gold dropped sharply—its decline widening to 3.5%—silver fell nearly 9%, and WTI crude oil dropped 4%. Previously, on Friday, the U.S. dollar posted its largest single-day gain since May last year, driven by a sharp decline in precious metals and President Trump’s nomination of Kevin Warsh as the next Federal Reserve Chair. Overall, market volatility reflects investors’ subdued sentiment ahead of a week packed with pivotal events—including interest-rate decisions from the European Central Bank and the Bank of England, the U.S. nonfarm payrolls report, and numerous corporate earnings releases.
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