国际股市

Beleaguered Yen Battles Back as Investors Rediscover Old Haven

Amid all the hand-wringing about the yen tumbling to a 24-year low, it may seem churlish to point out that it’s actually the best performing Group-of-10 currency over the last four days.

The traditional haven is little changed against the dollar since June 8th, when global stocks began their latest selloff — one that has pushed them into a bear market. Peers from fellow haven the Swiss franc to the commodity-sensitive Norwegian krone have slumped about 2% and 5% over that timeframe.