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August, 12 - USD/JPY is not looking back on its way up

Oh, the Japanese yen. What are you doing with the USD? Will you ever stop? Well, it is official now — Japanese yen started to overcome the power of the USD as we see the USD/JPY couple at the lowest point since March. What is the deal with the Japanese currency? Well, it seems that the safe haven status that yen is so proud of is playing FOR the currency once again. With trade war fears spreading across the globe and talks about it growing and growing it is no wonder that yen is suppressing USD on its way up.

 

usdjpy 12.08.2019

 

A lot of things are playing the part in the growth of yen and subsequent downfall of yen-dollar couple. Of course the fact that the USD itself is standing still is not doing the couple any favors, but as I already said — the safe haven status of yen is of course bringing a lot of weight to the table. Trade war fears and talks are spreading across the globe as it once again seems that China is not going to be able to make sense with the current US administration.

It seems that we, just like China are going to have to wait for the next US Presidential elections in order to make heads or tails with the situation.

 

In the meantime, USD/JPY chart keeps on falling. To stay afloat use your trading signals on the couple!

 

 

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