The FT News Briefing is supported by Equinole, the UK's energy partner.

Learn more at equinole.co.uk

Good morning from the Financial Times.

Today is Wednesday, November 16th, and this is your FT News Briefing.

The Japanese yen is rebounding.

Europe's new tech regulations could cause trouble for Twitter,

and we get the latest from Ukraine.

After Russia launched its biggest airstrikes since the invasion began.

I'm Sonya Hudson in Farmark, Filipino, and here's the news you need to start your day.

Japan's currency is making a comeback on hopes that the US Federal Reserve will slow the pace

of its interest rate rises. In the past three weeks, the yen has risen from a

32-year low. It's sharp decline this year caused alarm when Japan's economy actually

contracted because of rising bills for imported food and commodities.

The government announced a spending package to ease the impact on households,

and it also intervened in currency markets to support the yen.

But foreign exchange analysts and economists say the yen's fate is dictated by the Fed and the dollar.

Europe's landmark tech regulation law goes into effect today.

The Digital Services Act gives Brussels new power to regulate big tech companies.

And this could mean trouble for Twitter. The social media site just rolled out an identity

verification system. It's part of an overhaul by its new owner, Elon Musk.

But the verification system has been struggling with impersonators.

Our EU correspondent, Javier Espinosa, says that could make Twitter a target for the newly

...