Yen Hits One-Month High as US Tech Rout Revives Haven Appeal
Bloomberg Markets
Oct 23, 2026, 01:35 AMCrypto
1 min read
The yen rallied to its strongest level in more than a month, driven by a deepening selloff in US technology stocks.
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.
The flight to safety boosted demand for the yen, as well as for Japan’s government bonds and US Treasuries.
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