Yen Gains After BOJ Holds Rates; AI Jitters Weigh on Dollar
The yen edged higher after the Bank of Japan held rates at 1.25% as expected. The dollar tracked Treasury yields lower amid selling in AI shares and a flight to safety.
By Jiaxing LiThe yen inched higher on Friday after the Bank of Japan held rates steady as expected, while the dollar tracked Treasury yields lower as a fresh wave of selling in AI shares triggered a flight to safety.The BOJ left interest rates on hold at 1.25% in a widely anticipated move, but revi…