Yen Posts Longest Winning Streak Since September on Haven Bid
- Japanese currency gains on concern about slowing gloabl growth
- Goldman Sachs reiterates forecast for gains to be reversed
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The yen rose, posting its longest run of weekly gains since September, as investors look past signs of improvement in the U.S. economy and instead channeled their cash into haven assets.
Japan’s currency strengthened against all its 16 major peers even after a U.S. report showed inflation rose the most in more than four years last month.