Japanese Yen Currency Index

The Japanese Yen Currency Index (JXY) is an indicator investors should track. It demonstrates how the yen is estimated against the bucket of other main currencies. Japan is a country with a remarkably strong economy and also has the status of one of the biggest exporters and importers in the world. Among the main trade partners for it, are China and the USA. Therefore, the yen might be influenced by these export and import cash flows. Moreover, the JPY has always been considered to be a safe haven currency but in the past few years, it has become harder and harder for the yen to justify this status.