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Japanese Yen: Higher US rate volatility favors safe havens – BNY

BNY's David Tam argues that rising U.S. rate volatility should favor safe-haven currencies, with the Yen historically benefiting from such episodes. Heavy speculative JPY shorts add another catalyst, as appreciation could force position unwinds and trigger a sharper squeeze.

Japanese Yen: Higher US rate volatility favors safe havens – BNY

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