The US Dollar was able to make strong gains against the Japanese Yen, despite both currencies being ample safe-havens from market uncertainty. The JPY was able to gain in value versus many of its primary rivals, and could continue doing so if market conditions remain where they are.

The JPY sunk versus the greenback with the USD/JPY pair currently trading at a 1-month high of 94.71. However, the Yen did begin to experience buying pressure as it approached this price level. Most indicators point to a downward correction of the pair today, but fundamentals from the United States are likely going to be the driving force in the market today.