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Yen Jumps as Traders Seek Safety Amid Global Flight From Risk

Bloomberg Markets·Ran Li and Anya Andrianova·6 days ago
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Markets

Currencies

By Ran Li and Anya Andrianova

Updated on

Takeaways by Bloomberg AI

The yen extended its gains on Friday, outperforming all its major counterparts, as a selloff in global equities boosted demand for havens.

The Japanese currency rose another 0.2% in early Friday trading to 156.52 per dollar in Tokyo after advancing 0.9% in the previous session, touching its strongest level since late September. It gained 1% against the euro on Thursday.