The yen is surging

The Japanese yen is surging as most stocks around the world are lower.
The currency is up by 0.8% at 101.93 per dollar as of 12:45 P.m. ET.
Most major indexes around the world, from Germany's DAX to Hang Seng in Hong Kong, were lower on Monday.
Investors generally consider the yen to be a safe-haven currency, and so they tend to rush into it when things get rocky in the markets.
However, major US stock indexes turned positive in trading in the early afternoon ET&nbs