Buy yen in crisis? Not this year

Tthe yen has stayed resolutely weak, becoming the weakest of the G10 developed market currencies this month.

LONDON: The trade is familiar to investors worldwide: in times of turmoil, rush for cover by buying the Japanese yen.

This year a global trade row has erupted, Donald Trump has lamented the dollar’s strength – ignoring a custom that US presidents avoid openly interfering in financial markets – and the Chinese yuan has tumbled.