The yen experienced gains against major currencies on Friday, driven by increased risk aversion in the market. Investors sought the safety of the Japanese yen amid growing concerns about global economic prospects.

Heightened geopolitical tensions also contributed to the yen’s strength. As investors become more cautious, they tend to move towards assets perceived as safer, such as the yen.

Market participants are closely watching upcoming economic data releases, which could provide further clues about the direction of currency markets. Any signs of slowing economic growth could further bolster the yen’s appeal.

The yen’s performance reflects the broader market sentiment, where uncertainty and risk aversion are playing a dominant role. This trend is expected to continue as long as global economic concerns persist.