2min chapter

Deep Dive from The Japan Times cover image

126: Why the yen has fallen to a 20-year low w/ Yuko Takeo

Deep Dive from The Japan Times

CHAPTER

Is the Yen a Safe Haven Currency?

Normally when crises hit, the yen actually increases in value. But what's different now is everyone knows that the us Federal reserve will keep raising interest rates. The bank of england was first to raise interest rates among major central banks. That meant the yen also weakened against the pound. So there's just less demand for the en as a currency internationally and more demand, relatively for the dollar.

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