Mounting Fed Bets, War Uncertainty Put Battered Yen in Focus
- Japan’s currency underperforms this month as U.S. rates rise
- Traders await Russia-Ukraine talks in Turkey, Fed speakers
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The yen will be in focus this week as traders brace for turbulence amid ongoing uncertainty around the Russia-Ukraine war and the path of global central bank policies.
The Japanese currency has proven less reliable as a go-to global haven during the recent crisis, becoming instead a barometer of what investors are thinking in terms of interest rates.