The yen surged to the highest level in almost three months against the dollar as Asian and European stocks extended a slump, prompting investors to unwind riskier investments funded by borrowing in Japan.
The yen reached its strongest since October against the pound and the most against the euro since November.
-Bloomberg
As the winding of the of carry trade continues, the Yen is the best place to be. You can take advantage of this by buying the Yen ETF - FXY
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