Perceived safe haven currencies like the Japanese yen and perceived safer haven commodities like gold have also been winning since the initial trading session of this year. (etfexpert.com)
The USD and JPY gained versus most currencies in a flight to perceived safe haven currencies driven by rising concerns about political risk (Brexit, Italian elections, Germany coalition talks) and an aggressive pace of Fed interest - rate hikes combined with signs of moderation in global economic data, albeit from high levels. (hartfordfunds.com)
Many traders and investors switched to safe haven currencies such as the Japanese yen and Swiss franc in the run up to the referendum, leading to big shifts in the markets. (etfbase.com)