Yen stands out as haven in US debt drama:
  • The yen has emerged as the preferred haven for investors worried by the stand-off in US debt talks
  • no sense of panic in foreign exchange markets, with investors assuming that US politicians will eventually strike a deal,
  • there has not yet been a general flight from currencies viewed as riskier
  • analysts expect a greater flight to haven currencies if talks drag on and say there is greatest immediate scope for flows into the yen
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