The yen benefits from the fear in other markets
The Japanese yen is a currency that tends to behave as asset shelter when there are “turbulences” in other asset markets. With the dollar 1.3% has been appreciated from last Friday and with the euro 2.5%. If we set us in the crossroad dollar/yen, see that has a range of prices that it is necessary to watch, specifically 108-107 usd/jpy, given that, if it pierces with a downward trend (that is, still appreciates), will have a new signal of that the fear is expanded in other markets and the investors still look for shelter.
Source: Bankia Studies