Yen surge, but no repeat of 2024's drama just yet

YEN SURGE, BUT NO REPEAT OF 2024 JUST YETWhen the Japanese yen strengthened sharply in August 2024, it rippled across the world, sending stocks tumbling, including a 12% fall in a single day for Japan's TOPIX index, and sending the VIX fear gauge to levels not seen since Covid-19.The theory then wa…