Yen Trades Near One-Year High as Default Risk Stokes Volatility

  • Measure of currency price swings climbs to 2013 high
  • Odds of a Fed interest-rate increase this year decline

Yen Matters Far Less Than Most Investors Think: CLSA

The yen traded near the strongest level against the dollar in more than a year as haven assets benefited from concern about the creditworthiness of banks and companies.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.