The Yen Strengthened Sentiment Advantage of Safe Haven

Yen became one of the assets which benefited on Friday (21/8) in the middle of the fall of riskier assets such as stocks and oil. Financial markets away from risky assets as concerns on the country the world's second largest economy, China. Financial markets make manufacturing index data Caixin version / Markit August were worse than expected as additional evidence of the deterioration of China's economy. Sentiment emerged and boosted safe-haven assets considered to be safer as the Japanese Yen and the Swiss Franc and gold markets.

In addition, the US dollar has now weakened for the third straight session also helped the yen. US Dollar investors still let down the minutes of the FOMC meeting which indicated concerns central bank officials will be a slowdown in economic activity in China will be transmitted to the US economy. This condition dim expectations of a rise in September and now market participants assess the rise in US interest rates is more likely to occur in December.

At 10:35 pm, the USDJPY pair to survive in the range of 122.95, down 0.35% compared to the previous lowest level.