Safe-haven currencies strengthened on Friday as investors sought shelter from market volatility. The Japanese yen and Swiss franc both saw increased demand as concerns about global economic growth continued to weigh on sentiment.

Yen and Franc Gain Ground

The yen rose against the US dollar, reflecting its traditional role as a safe haven. Similarly, the Swiss franc also benefited from increased demand, particularly against the euro.

Factors Driving the Trend

• Global economic uncertainty
• Concerns about emerging markets
• Increased risk aversion among investors

Analysts suggest that this trend could continue in the short term, as uncertainty remains a key driver in financial markets. Investors are closely monitoring economic data and geopolitical developments for further clues about the direction of the global economy.