The Old Yen-as-Haven Trade Just Isn't Panning Out as It Should
An employee holds Japanese 1,000 yen banknotes at a checkout counter of an Akidai YK supermarket in Tokyo, Japan. (Photographer: Akio Kon/Bloomberg)

The Old Yen-as-Haven Trade Just Isn't Panning Out as It Should

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(Bloomberg) -- Buying the yen when Treasury yields dive and geopolitical tensions rise is one of the default trading strategies in any dealer’s playbook. But lately the tried-and-true tactic hasn’t...
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