USD/JPY Technical Analysis: Expanding Channel Reaches Higher High
@Forex_with_cuthberth USDJPY Holds Ground as Yen Struggles, Traders Await Key US PCE Report The Japanese Yen (JPY) has always been seen as a safe-haven currency during uncertain times. But recently, it has been caught in a tricky position—pulled one way by global risk concerns and another by doubts over the Bank of Japan’s (BoJ) next moves. Let’s break down what’s been happening, why it matters, and what factors are shaping the Yen’s performance right now. The Safe-Haven Role of the Yen When global tensions rise or markets get shaky, investors often rush toward “safe-haven” assets. The Japanese Yen is one of those trusted assets. This is because Japan’s financial system is stable, and the country has a long history of being a low-risk economy in uncertain times. However, things aren’t so simple today. While investors still turn to the Yen during bouts of risk aversion, other forces are pushing it lower. That’s why the currency hasn’t fully benefited from recent safe-haven demand t...