The Japanese yen isn't behaving like a safe-haven currency, and Deutsche Bank thinks it knows why

Yuya Shino/Getty Images For a currency regarded as being a safe-haven asset, the Japanese yen hasn’t been behaving like one of late. While divergent monetary policy settings between the US and Japan has contributed to the yen’s recent weakness, Deutsche Bank says Japanese pension funds buying foreign stocks has also been a factor. It says this has been "dampening the dips in USD/JPY on risk-off moves." For a currency regarded as being a safe-haven asset, the Japanese yen hasn’t been behavi...