Yen Set for Weekly Gain as AI Jitters Spur Safe-Haven Demand
The yen was set for its biggest weekly gain since early September as risk aversion supported safe-haven flows, Treasury yields fell sharply and the dollar hovered near a three-week low.
The Japanese yen was set for its biggest weekly gain since early September, buoyed by safe-haven flows as risk-aversion took hold in the broader markets that pushed US Treasury yields sharply lower and left the dollar hugging a three-week trough.The moves in the currency markets were driven by doub…