Yen Rises as BOJ Holds Rates
The Japanese yen strengthened after the central bank kept interest rates steady at 1.25 percent and signaled further tightening. Meanwhile, a selloff in artificial intelligence shares drove investors toward safe-haven US Treasury bonds, weighing on the dollar.
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The Japanese yen strengthened to 157.115 per dollar during Friday morning trading after Japan's central bank held interest rates steady at 1.25%. The move came alongside a broader Treasury rally driven by fresh selling in artificial intelligence equities.
