It calls for no doubt – these days are very tough and safe havens are just finding their support. Yes, all of the political turbulence that we can see at the moment, calls for more and more attention towards safe havens. And of course Japanese yen is no stranger to growth is difficult times like we see right now. Despite the growth of the greenback that started yesterday but still goes on today, yen still manages to take the USD/JPY chart lower.

The general downtrend in USD/JPY chart is a perfect demonstration for the situation in the markets. According to the slide, we all need to run for the safe havens as soon as possible. But today we are waiting for a very important event – speech of the head of the BOJ Kuroda. To be exact right now we are waiting for the effect from the speech to kick in as the speech itself too place just a few hours ago. As we all know, heads of the national banks have a habit of dropping hints as to the future states of the economy and the currency. And Japan is no exception to the rule. But we need to wait for the reaction to fully kick in to draw any conclusions.

All we can say is that safe haven status of yen is fully visible right now.

Trading signals are going to help you in this situation.