The safe haven appeal of Japanese Yen seems to fade away as investors are trying to stay away from it for two major reasons. The Japanese crosses are trading in a narrow range ahead of the Bank of Japan’s monetary policy decision due to come out Today.
Investors avoided riskier assets and migrated to buy the Greenback after Bloomberg announced that Washington is preparing to announce tariffs on all remaining Chinese imports by early December. So, investors still believe that the USA has less to lose in this trade war, which is leading them to invest in the dollar.