# Yen Rises on Haven Demand

> Japanese yen gains as US tech selloff drives safe-haven flows.
- Title: Yen Rises on Haven Demand · mint | Shortify
- Summary: Japanese yen gains as US tech selloff drives safe-haven flows. Japanese yen rose 0.6% to 157.54 against dollar after US tech shares fell, with CIBC and…
- Keywords: yen, cibc, nomura, us tech shares, safe haven demand, dollar, boj interest rates, nasdaq 100, india, mint
- Source: mint — https://livemint.com/market/yen-rises-on-haven-demand-as-cibc-nomura-see-room-for-more-gain-11793918153390.html
- Published: 2026-11-05T22:35:52+00:00
- Read time: 1 min
- Topics: yen, cibc, nomura, us tech shares, safe haven demand, dollar, boj interest rates, nasdaq 100, news, india
## Yen strengthens against dollar
Japanese yen rose 0.6% to 157.54 against US dollar on Thursday.
## US tech selloff triggers safe-haven flows
Selloff in US technology shares led traders to seek safer assets as Democratic midterms raised AI investment concerns.
## CIBC predicts yen to 148 by 2027
CIBC's Sarah Ying expects yen to strengthen to 148 against dollar by end of 2027, a more-than-6% rise from current levels.
## Nomura sees yen as best FX trade
Nomura's Dominic Bunning calls yen the 'consistent best FX trade' as equities and yields decline.

> consistent best FX trade
## Yen benefits from BOJ rate hikes
Japanese money managers may rotate investments out of foreign bonds into local assets as Bank of Japan raises interest rates.
## Key takeaway

Japanese yen rose 0.6% to 157.54 against dollar after US tech shares fell, with CIBC and Nomura predicting further gains by 2027.