Yen Set for Longest Gain in Month Amid Concern Over Brexit, Fed

Updated on
  • Caution over U.S. payrolls and support for Brexit boost yen
  • Fed funds futures point to interest rate increase in July

Why Is the Yen Strengthening So Rapidly?

The yen headed for its first three-day rally in a month as concern the global economy isn’t strong enough to shake off shocks such as the potential U.K. exit from the European Union and U.S. policy tightening spurred demand for the currency as a haven.

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