17.10.2014 - In Currency Markets, The Safest Haven Is Yen, Not the Dollar
Concerns about slowing global growth are sending investors into assets that hold their value in turbulent times, such as U.S. Treasurys, German bunds and gold. But among currencies, the haven is more likely to be the Japanese yen than the U.S. dollar. The risk of the greenback falling when investors exit long-dollar positions for profit, or because they’ve reached stop orders, is outweighing fears that the Bank of Japan could ease its monetary policy and knock the yen lower...............................................Full Article: Source
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