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Japanese Yen become safest in currency war

5 Jul 2019 17:13 reported by Jordan Huang

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This Wednesday (July 3rd), the US president, Donald Trump, hinted on Twitter that the US would take some action as the other countries were manipulating the exchange rate.

However, the analytes said that the reason for both the currency devaluation of the EU and China were different. The EU was facing the Brexit issue and China was facing the trade war with the US.

Under the cover of global uncertainties, it was thought that the Japanese yen became the safest currency in the world and was expected to achieve to JPY 105 against the US dollar.

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