The Yen: An Unyielding Safe Haven in Times of Market Panic
The Japanese yen (JPY) has long been considered a safe haven currency, attracting investors during times of market panic and uncertainty. Its reputation as a safe haven stems from historical evidence, such as its significant rally against the U.S. dollar (USD) in the aftermath of the 2008 collapse of Lehman Brothers. During the three months following the collapse, the yen surged...
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