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| USD/JPY four-hour chart, source:FXDD.com |
Japanese Yen(JPY) is evaluated as Safe-haven asset with Swiss Franc, CHF JPY than U.S. dollar these days. It is considerable change because greenback was one-top safe-haven asset before.
Since Trump administration, U.S.-China Trade Conflict has called Japanese Yen. When the talks between top two economies seems gloomy, Yen surges against other currencies including dollar. If the view on global economy is optimistic, yen retreats.
Yen has the seat of safe-haven but Japan has its own risk like others, too.
Deflation in Japan economy is still problem. More twenty-years long deflation has grabbed Japanese economy growth.
And growing yen price hinders export. It's natural that consumers loves cheaper goods in same quality.
Korea-Japan conflict like U.S.-Sino's hinders Japan industries, too. Media reports Tourism and materials industry are affected by the conflict, directly.
One of the major currencies, USD/JPY has moved up and down in Bollinger Bands, since 2016 in which the pair rose along upper band of Bollinger Bands in weekly chart. It seems to hover in the band, in daily chart and weekly chart.
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Gjallarhorn, Heimdallr, JPY, yen, 걀라호른, 헤임달, 엔화
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