Yen Could Be Trapped in the 'Bear Paradox'

"Every experience is a paradox in that it means to be absolute, and yet is relative; in that it somehow always goes beyond itself and yet never escapes itself." -- T. S. Eliot

The Japanese yen has long been among the world's "flight to safety" trades. It rises against most currencies when money gets scared of approaching volatility, which expresses itself during risk asset corrections and bearish environments. As a result, there is generally a strong correlation between U.S. Treasury bond yields falling and an appreciating yen, because both are expressions of "risk-off" trading. Given the yen's role as a safe-haven currency then, it comes as no surprise that its strength has persisted despite the Bank of Japan's implementation of various forms of monetary easing....281 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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