Story perspectives
Market Turmoil Boosts Yen Demand Amid U.S. Debt Downgrade
5/24/2025
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Story summary
- Global equities face instability, driving demand for safe-haven assets such as the yen.
- A downgrade of U.S. sovereign debt has intensified market anxiety.
- Uncertainties surrounding U.S. trade policy and Trump's tax bill contribute to market volatility.
- The dollar has weakened, with USD/JPY declining by about 1.09% this week.
