Financials Down as Traders Await Fed Statement - Financials Roundup

Shares of banks and other financial institutions fell as traders awaited the Federal Reserve's policy statement.

The yen had its biggest jump in recent years against the U.S. dollar and other currencies after the Bank of Japan kept interest rates unchanged.

Investment securities tied to credit cards have shown scant response to President Trump's proposal to cap rates at 10% for the consumer credit products, reflecting the slim chance of the measure becoming law, said analysts at brokerage Goldman Sachs.

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(END) Dow Jones Newswires

01-23-26 1716ET