Tokyo
THE yen is looking like a long-term winner after the Nov 8 US presidential vote, following a protectionism-heavy election campaign that's roiled markets worldwide and spurred the currency towards its best year since the 2008 global financial crisis.
Options traders have become more bullish on the yen as the election nears, while hedge funds wagered since early January that the currency will gain.
JPMorgan Chase & Co and HSBC Holdings Plc say that neither Democrat Hillary Clinton nor Republican Donald Trump will favour a stronger dollar, so any short-term fluctuations in the yen as the vote nears are likely to give way to gains for the Japanese currency over the longer term. An expected Federal...
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