The yen continued its gains on Friday, outperforming all other major currencies, and the decline in global stock markets boosted demand for safe-haven assets. The exchange rate of the yen against the US dollar rose 0.4% to 156.17 during the Tokyo trading session in early Friday; the yen rose 0.9% on Thursday, hitting its highest level since late September. The yen rose 1% against the euro on Thursday. The performance of the new round of technology and artificial intelligence-related companies was disappointing, putting pressure on market risk sentiment, while the escalation of tension in the Middle East boosted oil prices. The price of US Treasury bonds rose, and the dollar weakened slightly.

The yen continued its gains on Friday, outperforming all other major currencies, and the decline in global stock markets boosted demand for safe-haven assets. The exchange rate of the yen against the US dollar rose 0.4% to 156.17 during the Tokyo trading session in early Friday; the yen rose 0.9% on Thursday, hitting its highest level since late September. The yen rose 1% against the euro on Thursday. The performance of the new round of technology and artificial intelligence-related companies was disappointing, putting pressure on market risk sentiment, while the escalation of tension in the Middle East boosted oil prices. The price of US Treasury bonds rose, and the dollar weakened slightly.