Yen strengthens against the dollar and the euro on risk aversion
The Japanese yen is appreciating against the dollar, the euro, the pound and the Australian dollar in a session of lower risk appetite, in which the Swiss franc was also advancing. The text attributes the move to the unwinding of yen-funded positions, doubts about large artificial intelligence investments, elevated oil prices, the war in the Middle East and concerns over French public finances. The Bank of Japan keeps its rate at 1.25% and the market expects it to leave it unchanged at next week's meeting.
In 40 seconds
- The yen gains against the dollar, the euro, the pound and the Australian dollar; the Swiss franc was also advancing
- The Bank of Japan keeps its benchmark at 1.25% and the market expects no change next week
- Japanese investors have sold long-term foreign bonds for five consecutive weeks, with net sales of about 3.43 trillion yen
Read the full story at XTB.com
IASummary generated by artificial intelligence from a story by XTB.com. It may contain errors: the original source prevails.
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