Yen’s Puz­zling Surge Strong­est Since 2014

The Economic Times - - Commodities Plus -

The yen’s surge this week to the strong­est since 2014, which has con­founded most cur­rency traders and an­a­lysts, may be best ex­plained through the prism of the bond mar­ket. Even with the strug­gles of the world’s third-big­gest econ­omy and ex­pres­sions of con­cern by Ja­panese of­fi­cials, the yen ral­lied more than 3% against the dol­lar this week, the most since Fe­bru­ary.

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