Yen Becomes Primary Safe Haven on Forex. Forecast as of 31.03.2025

In addition to the divergence in monetary policy between the Fed and the Bank of Japan, the yen has replaced the US dollar as the main safe-haven currency, supporting USDJPY bears. Let's discuss this topic and make a trading plan.Major Takeaways Reduced volatility favors the Japanese yen. The Bank of Japan has signaled the continuation of the normalization cycle. Tokyo will protect its companies and consumers from the US tariffs. Short trades on the USDJPY pair formed at 150.7 can be kept open.W