The Curious Case of the Yen as a Safe Haven Currency: A Forensic Analysis

The yen is widely considered a safe haven currency, i.e. a currency that appreciates when global investors’ behavior becomes more risk-averse or economic fundamentals are more uncertain. That is rightly so. Since 2008, the yen appreciated steadily against the U.S. dollar in effective terms in the…

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The Curious Case of the Yen as a Safe Haven Currency: A Forensic Analysis

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