An exchange-traded fund (ETF) that tracks the movements of the Japanese yen versus the U.S. dollar risen 3.5 percent over the past three months and 4.5 percent year-to-date as investors seek out safer currencies, ETF Trends reports. Policy makers are also mulling over an intervention in the forex market.
The Rydex CurrencyShares Japanese Yen Trust was trading 0.3 percent higher on September 12. The yen, one of the remaining safe havens, rose to a 10-year high against the European euro and maintained its strength against the dollar.
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