Wall Street stocks rallied and gold prices slid on Thursday as solid earnings from big tech bolstered investor risk appetite.

The Japanese yen is the weakest of the G10 currencies following what is seen as a dovish hold by the Bank of Japan, which cut growth forecasts, shaved inflation projections, and delayed reaching its inflation target on a sustained basis. Equity markets in Asia Pacific that were open, including Japan, Australia, and New Zealand, rose.

Japanese stocks rose Thursday as the central bank kept its key interest rates steady as expected, in thin trade with most Asian markets shut for the May 1 holiday.