Yen hits one-month high reasons
The Japanese yen recorded its highest level in over a month today, Friday, supported by inflows of funds into safe-haven assets and a decline in US Treasury yields, despite ongoing concerns about the surge in spending on artificial intelligence. The yen rose by 0.3% to 156.28 against the dollar, ending the week with a 1% increase, marking its strongest weekly level since early September, while the yields on 10-year US Treasury bonds fell to around 4.953%. This comes amid economic uncertainty and continued investor search for safe assets.
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