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DoozyTrader
Mar 9, 2020 11:46 PM

Japanese Yen Positioning Itself as a Market Haven Long

JAPANESE YEN / U.S. DOLLARICE

Description

Investors flock to FX_IDC:JPYUSD in times of economic uncertainty. During the 2007-2008 crisis, the Yen rose 63.42%. As the coronavirus continues to batter supply chains, technology conglomerates suffer lost workforces and unstable earnings. Treasury yields have collapsed to all-time lows.

In the very least, as insurance, the Yen awaits.
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