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Investors now flocking to ’safe haven’ yen

Posted on 27 October 2008

From Economic Times: After years of gorging on Japanese credit to buy lucrative assets such as Icelandic bonds, Brazilian equities or the Hungarian forint, inv estors are now rushing back to the safe-haven yen, which is soaring.

The stampede out of stocks, commodities and other risky assets drove the yen up to a 13-year high against the dollar and to a six-year peak versus the euro on Friday as investors piled back into the currency…… Full Article: Source


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