[kps]

Yes, this was explicitly called out in the ASCII standard, and is the reason ASCII has ~ (in place of the proposed ‾) and ‘^’ (which replaced the ‘↑’ in the original 1963 version).

[wanderingstan]

Interesting! The z80 card in my family’s Apple 2 would render “^” as “↑” and I always wondered the connection. I guess they were using the original spec.

[kps]

And probably ‘←’ where we now have ‘_’. Character-generator ICs with the 1963 64-character set hung on around for a couple decades.