The Japanese yen and the US dollar are in high demand on Wednesday as they are seen as safe havens amid a heavy sell-off in stocks, particularly technology-related ones on Wall Street, which has spread to Asia. Investors are seeking refuge in stable currencies amid fears of market volatility.
Japanese Yen and US Dollar Gain Safe-Haven Appeal
Amid a significant stock sell-off on Wall Street extending to Asia, investors are flocking to the Japanese yen and US dollar, viewing them as safe havens from market volatility, with tech stocks being particularly hard hit.
