In the New York FX market overview, dollar-yen was capped. Selling in AI-related stocks pressured the market, but reports said this was not a risk-averse move into the yen.
The New York FX market overview continued to draw attention to movements in dollar-yen. Selling in AI-related stocks was reported to have restrained the overall market.
Selling in AI-related stocks was cited as a downside factor for the market and was said to have capped dollar-yen. However, the interpretation that the yen's appreciation reflected a sign of risk aversion was avoided.
The report dated that day describes conditions in the FX market, and the situation may change depending on further developments and the market's response.