Yen Hits One-Month High as US Tech Rout Revives Haven Appeal
The yen extended its rally to the strongest level in more than a month, as a deepening selloff in technology stocks drove investors to traditional haven assets including Japan’s currency,...
By John Cheng · Bloomberg Markets
The yen extended its rally to the strongest level in more than a month, as a deepening selloff in technology stocks drove investors to traditional haven assets including Japan’s currency, the nation’s government bonds and US Treasuries.