Dollar set for strongest week since November, yen steadies before polls
#US Dollar #Artificial Intelligence #Federal Reserve #Japanese Yen #Bitcoin #Safe-haven assets #Market volatility
📌 Key Takeaways
- The U.S. dollar hit a two-week high as investors fled a global rout in tech stocks and crypto.
- Concerns over massive AI spending and the nomination of a hawkish Fed Chair fueled the market selloff.
- The Japanese yen faced its worst week since October due to uncertainty surrounding an upcoming national election.
- Bitcoin suffered a 14% weekly drop, marking its most significant decline since late 2022.
📖 Full Retelling
🐦 Character Reactions (Tweets)
Market MavenThe dollar is like that overachiever in school, finally getting the recognition it deserves while Bitcoin is left to sulk in the corner. #SafeHavenDrama
Capital CrusaderSo the yen decided to show up to the party dressed in last year’s fashion? Good luck stabilizing before the election, buddy! #CurrencyCatwalk
Crypto ComedianBitcoin just went through the emotional rollercoaster of the century! Should we tell it there's a support group for volatile assets? #BTCBlues
Interest Rate InsiderKevin Warsh stepping into the Fed chair is like having that friend who loves to organize everything—everyone’s in a frenzy, but at least we know exactly when it will get done! #FedChairFollies
💬 Character Dialogue
🏷️ Themes
Global Finance, Tech Volatility, Monetary Policy
📚 Related People & Topics
Japanese yen
Currency of Japan
The yen (Japanese: 円; symbol: ¥; code: JPY) is the official currency of Japan. It is the third-most traded currency in the foreign exchange market, after the United States dollar and the euro. It is also widely used as a third reserve currency after the US dollar and the euro.
Federal Reserve
Central banking system of the US
The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to th...
United States dollar
Currency of the United States
The United States dollar (symbol: $; currency code: USD) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in ...
Bitcoin
Decentralized digital cryptocurrency
Bitcoin (abbreviation: BTC; sign: ₿) is the first decentralized cryptocurrency. Based on a free-market ideology, bitcoin was invented in 2008 when an unknown person published a white paper under the pseudonym of Satoshi Nakamoto. Use of bitcoin as a currency began in 2009, with the release of its op...
Artificial intelligence
Intelligence of machines
# Artificial Intelligence (AI) **Artificial Intelligence (AI)** is a specialized field of computer science dedicated to the development and study of computational systems capable of performing tasks typically associated with human intelligence. These tasks include learning, reasoning, problem-solvi...
🔗 Entity Intersection Graph
Connections for Japanese yen:
- 👤 Bank of Japan (5 shared articles)
- 👤 Sanae Takaichi (4 shared articles)
- 🏢 Federal Reserve (3 shared articles)
- 🌐 Monetary policy (2 shared articles)
- 🌐 United States dollar (2 shared articles)
- 🌐 Ministry of finance (1 shared articles)
- 🏢 Foreign exchange reserves (1 shared articles)
- 👤 Katsunobu Katō (1 shared articles)
- 🌐 Japan (1 shared articles)
- 🌐 Currency intervention (1 shared articles)
- 👤 Tokyo Stock Exchange (1 shared articles)
📄 Original Source Content
try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Amazon stock slides 9% premarket as 2026 capex guidance blows past expectations Gold, silver prices log shaky gains after bruising week 3 reasons why Bitcoin is falling Amazon’s capex plans, Stellantis, Bitcoin’s fall - what’s moving markets (South Africa Philippines Nigeria) Dollar nears two-week high as AI splurge spooks investors Economy Published 02/05/2026, 08:23 PM Updated 02/06/2026, 04:25 AM Dollar nears two-week high as AI splurge spooks investors 0 Euro US Dollar 0.17% British Pound US Dollar 0.33% Gold Spot US Dollar 2.01% Japanese Yen US Dollar 0.00% DX -0.03% GC 0.19% JGB -0.05% Bitcoin US Dollar -7.23% By Amanda Cooper LONDON, Feb 6 - The dollar held near two-week highs on Friday, drawing on its safe-haven appeal, as investors rushed to unwind some of their riskier positions following a deep rout in stocks, crypto and precious metals driven by concerns over a surge in AI-related spending this year. The Japanese yen edged up, but was still headed for its worst weekly performance against the dollar since October and has given up most of late January’s hefty gains, as traders brace for Sunday’s national election. Global shares have seen their biggest weekly selloff since November, as investors fret about the massive spending on artificial intelligence as well as the cascading impact of fast-advancing AI tools that could upend various sectors. Classic safe-havens like gold and alternatives like bitcoin have been caught up in the backlash, while go-to haven currencies like the yen and the Swiss franc have also not had the same draw, City Index strategist Fiona Cincotta said. "The timing of the recovery is coinciding with the tech rout that we’re seeing. So it stands to reason that you’re going to see some safe-haven flows going into the U.S. dollar," she said. "And especially because the Japanese yen is under pressure because of nervousness surrounding the election this weekend, it does mean that, fo...