Earlier this month, I made the argument that the yen could appreciate significantly against the euro given the growing demand for risk-off currencies in the face of global economic risks, such as the US-China trade war.
Over the course of this month, we have seen that the euro has indeed fallen against the yen as a result:
Source: investing.com
Moreover, we see that the currency is still trading significantly above the 115 level seen in mid-2017:
Source: investing.com
In this regard, could we see further strengthening of the yen against the euro from here?
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