The Yen is the ultimate Safe Haven currency and appreciates against the Dollar and majors during a Crisis. The danger of using the Yen (as an alternative to the US dollar) is that the uncompetitiveness of exports might cause a sudden devaluation like in 1996 or in 2013 with Quantitative Easing
devaluationdollarTrend AnalysisUSDJPYyen

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