Yen's Safe Haven Status Fades Amid Japan's Domestic Policies

The Japanese yen, traditionally a safe haven currency, is currently experiencing an unprecedented decline. Despite favorable global market conditions, the yen has reached a ten-month low against the dollar and an all-time low against the euro. This unexpected performance has led to speculation about potential intervention from Japanese authorities. The yens struggles are attributed to Japans domestic policies, including a strategy of large fiscal stimulus and low interest rates, which is making investors hesitant. The yens safe haven status, built on decades of large current account surpluses and ultra-low interest rates, is now being challenged by Japans current policy stance.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.