BBJP is trading at $74.55 (+3.22%) as global sentiment improves following a risk-on rebound in U.S. equities and favorable inflation data.
- The move is supported by a tech-led recovery, with the Nasdaq up 2.56% and the S&P 500 up 1.24% as investors bought the dip following strong Microsoft earnings.
- Easing inflation pressure from the June PCE report has boosted global equities, while prior geopolitical and interest rate concerns regarding the Japanese market are fading.