Japanese Yen Positioning Itself as a Market Haven
2020-03-10 07:46:37
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.