Safe Haven Demand Sends Yen Surging Past 106 Per Dollar: ChartBy
As equities fell across Asia Monday, the selloff sent investors scrambling to haven assets, boosting the yen amid growing anxiety the U.K. will vote to leave the European Union. The Japanese currency neared its highest level since October 2014, climbing past 106 per dollar. Optimism has given way to fear in global financial markets since the middle of last week as polls indicated the U.K.’s June 23 referendum on EU membership is too close to call.
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