John Murphy: THE US DOLLAR ISN’T THE ONLY SAFE HAVEN CURRENCY — THE JAPANESE YEN HAS BEEN EVEN STRONGER DURING JANUARY — THE YEN IS ALSO TURNING UP RELATIVE TO OTHER GLOBAL CURRENCIES IN UNWINDING OF CARRY TRADE AND MOVE TO SAFETY

Most currency focus has been on the rise in the U.S. Dollar since December. That has not only undermined the commodity rally, but is also siphoning money out of global stocks that had been...

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