The Japanese Yen is considered a safe-haven currency in global markets
the verdict
SUPPORTED
the evidence backs this
confidence 86/100
The retrieved literature consistently supports the status of the Japanese Yen as a safe-haven currency, noting that it tends to appreciate during periods of global economic uncertainty and financial market turmoil.
Evidence for · 4
The transmission of US economic policy uncertainty shocks to Asian and global financial markets
2018 · cited by 57
Paper 2 finds that the Japanese yen appreciates in response to US economic policy uncertainty, reflecting its safe-haven status.
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More for · 3
Japan's Exorbitant Privilege
2015 · cited by 23
Paper 3 demonstrates that the yen has enjoyed a safe-haven effect in recent periods alongside its exorbitant privilege.
No longer a safe haven currency? A fresh evidence of Japanese yen under uncertainty
2024 · cited by 4
Paper 6 confirms that the yen tends to appreciate during crisis periods as economic policy uncertainty increases.
Asymetrix Currency Turbulence with US Dollar/Japanese Yen Carry Trade: Insights into Central Bank Interventions and Exchange-Rate Dynamics
2025 · cited by 1
Paper 11 notes that global market volatility reinforces the yen's status as a safe-haven currency.