Report
Yen jumps on October 22 as investors seek safe havens
Reuters, via The Business Times, reports the yen also gained against the euro, pound and Australian dollar.
TLDR
Bloomberg, via The Straits Times, reports the yen rose 0.8% to 156.86 per US dollar on October 22, reaching its strongest level since late September. A global equity selloff boosted demand for safe havens as disappointing tech and AI-related earnings and Middle East tensions weighed on sentiment. Treasuries climbed and the dollar edged lower, though one analyst cautioned against expecting a sustained yen rally.
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