The yen is becoming an attractive option for investors as a safe haven leading up to the US presidential election on November 5.
Historical data shows that the yen has performed better than other traditional safe assets, such as the US dollar, Swiss franc, gold, Treasuries, and euro, in previous election cycles. As market volatility increases, the yen is once again proving to be a top performer among safe assets. This suggests that investors may seek stability in the yen amidst the uncertainties surrounding the election, as it has historically shown resilience during times of extreme market stress.