How the yen dethroned the dollar in a single day

The Japanese yen (JPY) rallied to a seventh-month high against the dollar on Monday, as investors turned to the currency as a safe haven against global market risk-in particular in the emerging markets. Investors are buying these currencies in an effort to unwind their positions in risky trades during this time of financial turmoil. The sudden strength in the yen, and the euro as well, is a ...