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The Japanese Yen has continued to rise but has it hit a wall. With US China trade tensions slowing down global export demands the demands for risk off assets such as the Yen rose rapidly however it is important to note that some currencies are starting to make some gains back against the yen. If the risk off sentiment continues then we could see the yen continue to rise but it seems this risk on sentiment may be slowing with the S&P touching all new highs in the last hour and oil prices gaining it seems the appetite for risk is gaining once more. Also another important note to add is that as interest rates lower and the central banks go through their rate cutting cycles (some of which have started) then the risk appetite will get stronger causing the yen to depreciate. With this i believe in the next couple of weeks we will see a risk on sentiment before the JPY starts to make any possible gains.