Cogent Biosciences director Arlene Morris sells $1.69m shares

The Japanese Yen (JPY) shows a moderate pullback on Friday, despite the broad-based US Dollar (USD) weakness, following the US Treasury’s plan to double buybacks of long-term Government debt. The USD/JPY pair trades at 158.60 ahead of the US session opening after bouncing up from session lows at 158.03 as the widening Japanese Merchandise Trade…

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United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note that USD/CNH is currently consolidating in a narrow range around 6.77. In their 1–3 week view, they maintain a downside bias toward 6.7600 as long as strong resistance at 6.7820 remains intact. Over 1–3 months, they see tentative upside potential if key…

Google will also get the option to purchase about $12 billion worth of Marvell’s stock.