Headlines:Equities stay upbeat, buoyed by big tech earnings on Wall StreetHow have interest rates expectations changed after the Fed and the US data?Japanese Yen weakens across the board as Governor Ueda downplays inflation riskUSD/JPY eyes a more positive turn on Ueda press conferenceTrump keeps up with the Powell bashing to start the new dayBOJ governor Ueda: US-Japan trade deal is a great progressBOJ governor Ueda: Policy decision would not depend solely on new inflation forecastsBOJ governor Ueda: We will look closely on upward risks to inflationUS Treasury secretary Bessent: China are tough negotiatorsUS president Trump said to confirm attendance for ASEAN Summit in OctoberBavaria July CPI +1.9% vs +1.8% y/y priorFrance July preliminary CPI +1.0% vs +1.0% y/y expectedItaly July preliminary CPI (HICP) +1.7% vs +1.6% y/y expectedGermany July unemployment change 2k vs 15k expectedGermany June import price index 0.0% vs -0.2% m/m expectedEurozone June unemployment rate 6.2% vs 6.3% expectedUS July Challenger layoffs 62.075k vs 47.999k priorMarkets:EUR leads, JPY lags on the dayEuropean equities mixed; S&P 500 futures up 0.9%US 10-year yields down 3.4 bps to 4.344%Gold up 0.9% to $3,305.09WTI crude down 0.5% to $69.64Bitcoin up 1.0% to $118,361With month-end approaching, markets are keeping busy with some decent action all across the board. Trade headlines are also continuing to dominate but most of it seems to be settled already ahead of the 1 August deadline. That at least for the bigger names. As for the rest, we'll have to wait and see what comes from the US administration tomorrow.After the earnings beat from Microsoft and Meta, equities are keeping more buoyed today. However, that still largely is limited to tech shares as European equities failed to hang on to gains during the session. After a more positive start, major indices in Europe are now tilting lower while US futures are still holding up but mostly thanks to big tech.S&P 500 futures and Nasdaq futures are still up 0.8% and 1.2% respectively, with eyes on Apple and Amazon's earnings as well today after the close.In FX, the Japanese yen was sent for a bit of a ride today amid the BOJ policy decision. The central bank upped their inflation forecasts and that saw the currency be more bid at the tail-end of Asia trading. However, BOJ governor Ueda then poured cold water on the situation by saying that it doesn't mean that the revision will signal rate hikes.Essentially, Ueda just did not want to be explicit on the matter but he did acknowledge that better trade developments will help with providing them with more clarity on future decisions.Still, USD/JPY turned around from 148.90 to briefly test the 150.00 mark as buyers look to come up for some air in breaking above the 200-day moving average of 149.51.Besides that, the dollar is keeping a little softer elsewhere with EUR/USD up 0.4% to 1.1448 and USD/CHF down 0.4% to 0.8115 on the day. USD/CAD is flattish around 1.3835 while AUD/USD is just a little higher by 0.2% to 0.6445 currently.In other markets, gold is also seen rebounding back to nudge above $3,300 again. The precious metal continues to consolidate in and around the figure level after the recent upside move stalled. Meanwhile, cryptocurrencies are also continuing to hang on near the highs with Bitcoin seen at $118,000 levels again while Ethereum is up nearly 2% in pushing above the $3,800 mark. The latter is still largely eyeing a test of $4,000 on the week. This article was written by Justin Low at investinglive.com.