Yen Hits OneMonth High on SafeHaven AI Jitters
The Japanese yen climbed to its strongest level in over a month as growing doubts over the artificial intelligence boom sparked a safehaven rush. US Treasury yields also tumbled sharply while oil prices advanced following supply disruption concerns.
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The Japanese yen strengthened 0.3% to USD/JPY 156.28 on Friday morning, hitting its strongest level in over a month amid a global safe-haven rush. The currency moves were driven by mounting doubts over artificial intelligence spending and risk aversion.
