David Brown says given the state of the Japanese economy and trade war fears, the yen is not necessarily a safe haven for investors
For savvy investors, the yen is not so much a bellwether for global market stability, but more a proxy for how Japanese funds feel about the state of investing abroad.
In the coming months, the yen is stuck between three conflicting forces:-
1. conviction that Japan’s recovery prevails
2. confidence that global stability is maintained combined with
3. a need to play safe
Source: SCMP
http://www.scmp.com/comment/insight-opi ... ors-flight