Four Charts to Show Why Yen’s Dizzy Rally May Stay the CourseBy and
Japan’s external surplus and real yields support the currency
Hurdle may still be high for Japan to intervene in the market
The yen is the best-performing Group-of-10 currency this year as the U.K.’s decision to leave the European Union spurs expectations that the Federal Reserve will hold rates for longer while stoking demand for safer assets.
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