Yen Surges to 7-Month Highs Amid US Slowdown Concerns
The Japanese yen has climbed to a seven-month high as fears of an impending US economic slowdown ripple across global markets. Investors, increasingly wary of economic instability, are gravitating towards safe-haven assets like the yen, known for its stability during uncertain times.
Driving this trend are concerns over weakening US economic indicators, including slower consumer spending and uncertainty surrounding Federal Reserve policies. As global markets brace for potential downturns, the yen's appeal as a secure investment has grown, pushing it to its strongest level since mid-2024.