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Discover Latest #Japanese Yen News, Articles and Videos with Contenting
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SoftBank shares hit record high on AI prospects
TOKYO (Reuters) -Shares in SoftBank Group jumped more than 13% to a record high on Friday in a show of investor support for the Japanese technology investor's AI push after first quarter profit beat expectations. SoftBank's share price hit 14,205 yen at the close of morning trading and finished the day up 10.39% at 13,865 yen. SoftBank has announced a series of mammoth investments this year, including committing $30 billion to ChatGPT maker OpenAI, as well as leading the financing for Stargate - a $500 billion data centre project in the United States.
GBP Tops as Risk Currencies Shine, CHF Anchors the Rear - Action Forex
Last week’s FX leaderboard was dominated by growth-linked and higher-yield currencies, with Sterling, Aussie, and Kiwi outpacing the field. At the other end, traditional safe havens found themselves out of favor, with Yen and Swiss Franc bringing up the rear.