Economy
Japanese yen strengthens as investors seek refuge from volatile technology stocks
Livemint1h
THE BRIEF
1
The yen gained 0.6% against the dollar on Thursday as a selloff in US tech stocks spurred demand for safe-haven currencies.
2
Market strategists expect the yen to appreciate further, potentially reaching 148 per dollar by end-2027, as investors rotate out of US assets.
3
Potential Bank of Japan interest rate hikes are expected to sustain the yen's momentum as international investors adjust their bond market strategies.