Can Japanese Yen Still Be a Safe Haven?

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The market continues to grow within the bounds of the yellow channel. The price almost came up to its top wall, but there was no touch yet. It is likely that in the near future the rise will continue and we will see that the bulls will rise to the resistance level of 110.48.

Then there may be a rebound from this price level, after which the market may move down to the support of 108.24.

A change in the scenario is possible if the price breaks above the level of 110.48. in this case, the decline will be postponed to a later date, and the bulls will continue to push the price up.

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