Yen Jumps to Highest Since '14 as Recession Risk Spurs Haven Bid

  • Volatility jumps to 2 1/2-year high amid thin liquidity
  • Stocks, bond yields, oil fall before Yellen speaks Feb. 10

A Strong Yen Is Unacceptable, Here's Why

The yen strengthened to a more than one-year high Monday, extending gains after its best week since 2009, as demand for haven assets benefited from a growing unease about the resilience of global growth.

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