He says: “Markets are treating this as a currency issue, but it’s far bigger than that. “Every portfolio with exposure to Japanese equities, bonds or funding trades needs to look at this properly,” explains the deVere CEO. He urges investors to treat the episode as a signal to stress test currency exposure now rather than after the next bout of volatility. “The last few days proved it can move to the centre of global markets overnight. deVere Group is one of the world’s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients.