Yen Hits More Than One-Month High as Risk Aversion Grows
The yen reached its strongest level in more than a month on Friday as safe-haven flows accompanied lower U.S. Treasury yields and a weaker dollar.
The Japanese yen reached its strongest level in more than a month on Friday, supported by safe-haven demand amid renewed risk aversion. US Treasury yields also fell sharply, while the dollar dropped to a low near a three-week mark. The currency moves were driven by doubts over the…