The U.S. stock market is poised for its second consecutive day of gains, aiming to reverse the sell-off that occurred through Monday as investors assess the ongoing earnings season and welcome reassuring comments from the Bank of Japan. Deputy Gov. Shinichi Uchida stated the central bank will avoid raising interest rates during times of market volatility, easing fears sparked last week by a rate hike from the Bank of Japan coupled with growing concerns about a potential U.S. recession. The U.S. dollar surged 2% against the Japanese yen, marking its largest one-day increase since June 2022 and reigniting trader interest in the yen-dollar carry trade strategy. Both the S&P 500 and the Nasdaq 100 were 1% by midday trading in New York. The Dow Jones and the Russell 2000 notched smaller gains, up 0.7% and 0.5%, respectively. Treasury yields rose again by about 5 basis points across the curve, sending bond-related assets down. The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) fell 0.4% after tumbling 2.2% on Tuesday. Oil shined among commodities, with the West Texas Intermediate (WTI) light crude soaring 3.6% to $75 a barrel, after the ...