The yen rose 0.3% to 156.28 per dollar, its strongest level in more than a month, as concerns about AI spending and Middle East tensions drove demand for safe-haven assets. The dollar index fell to 101.52, while the US 10-year Treasury yield hovered near a one-month low at 4.953%.
The yen strengthened 0.3% to 156.28 per dollar on Friday and was set for a 1% weekly gain, its strongest rise since early September. The dollar index stood at 101.52 after reaching a nearly three-week low on Thursday.
US 10-year Treasury yields hovered near a one-month low at 4.953% after falling as equities sold off on renewed concerns about the sustainability of the AI boom. Brent crude futures rose above $114 a barrel after Houthi attacks in Saudi Arabia raised concerns about further disruption to regional energy supplies.
The Canadian dollar rose 0.1% to its strongest level in a month, while the Swiss franc was steady near a one-month high. Japanese core inflation exceeded the Bank of Japan’s 2% target in September for the first time in nine months, while concerns about French debt weighed on the euro.
