Japanese Yen Attracts Hedge Funds as a Speculator’s Currency

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Hedge funds and asset managers are speculating on the yen, intensifying swings in a forex normally often called a refuge throughout troubled instances.

The yen surged Wednesday, with the greenback dropping greater than 2% at one level in opposition to the Japanese forex after new knowledge confirmed U.S. inflation easing. The greenback misplaced 1.15% in opposition to the yen this week.

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