Yen Regains Haven Appeal as AI Rout Sends Investors to Safety

The yen maintained its gains on Friday as a significant selloff in US technology shares prompted investors to seek safer assets. This shift toward haven appeal occurred following a rout in the AI market, which drove capital away from risky equities. Market strategists anticipate that this trend of investors moving toward safety will provide continued support for the currency as the volatility in the technology sector persists across global financial markets.