The yen is set to record its longest winning streak since February 2011 as investors flock to safe haven assets amid concerns markets are heading for a correction.
The rally seen in equity markets appeared to have started to wane earlier this week as promises made by US President Donald Trump regarding fiscal policy, tax cuts and deregulation look less likely to be implemented, according to the Financial Times. This has caused the US dollar to fall while safe haven currencies have picked up pace. The yen is currently up 0.555 to $110.71 in intra-day trading, which means it is on course to record its eighth rise in consecutive days, the longest winning streak since February 2011. Meanwhile, sterling jumped to a one-month high against the US do...
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