The yen strengthened against other major currencies as investors sought refuge in safe-haven assets. Heightened concerns regarding international trade disputes and geopolitical instability drove the demand for the Japanese currency.

Factors Contributing to Yen’s Appreciation

• Trade Tensions: Escalating trade tensions between major economies have increased uncertainty in the global market.
• Geopolitical Risks: Ongoing geopolitical concerns are prompting investors to seek safer investments.
• Safe-Haven Status: The yen is traditionally considered a safe-haven asset during times of economic uncertainty.

The yen’s appreciation reflects a broader trend of investors reducing their exposure to riskier assets and seeking stability in more secure investments. Market analysts are closely monitoring these developments to assess the potential impact on global financial markets.