GDP Growth

USD/JPY has stabilized around the 157.50 to 157.80 area after a sharp retreat from the 163.00 zone, with oversold technical signals helping the pair find a near-term floor. Traders are weighing the impact of major intervention, uncertain Bank of Japan tightening prospects, and reduced expectations for two Federal Reserve hikes before year-end.

Bitcoin tumbled under $111K while Ethereum and altcoins saw sharp declines as U.S. GDP growth was revised higher, dampening Fed rate cut odds and sending crypto stocks tumbling.