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That’s the view of analysts at Citigroup Inc. who compared the performance of the Japanese currency with the Swiss franc on days when the S&P 500 Index incurred losses of 2 percent or more.
Yen Reigns Supreme Over Franc as a Haven When Markets Get Messy
published Oct 15, 2018, 4:31:33 PM, by Austin Weinstein (Bloomberg) — There’s only one trade to make in foreign-exchange markets when investors are running away from risk: buy the yen. That’s the view of analysts at Citigroup Inc. who compared the performance of the Japanese currency with the Swiss franc