The yen has always been called a safe haven currency. As long as it is because of the yen carry trade, it is an investment strategy. Investors borrow money at lower interest rates and invest it in currencies with higher interest rates. This strategy is profitable, and exchange rate changes will not eliminate the spread during the investment period. The yen has always been popular with investors, because the interest rate in Japan has been almost zero in the past two decades, and the yen exchange rate is easier to trade.
Safe haven gold also made some moves, and the price of gold soared from $65,438 +0.690 in July to $65,438 +0.790. This is also the trend of gold bottoming out after the plunge of $2,000. However, most investors do have a wait-and-see attitude towards gold. UBS Wealth Management Investment said it was not optimistic about gold. They don't think gold is a tool to hedge against economic slowdown. Investors should hedge gold or convert it into other assets, such as high-quality beneficiary stocks, high-rated bonds and health care industries.
The Asia-Pacific stock market plummeted across the board, which had a great impact on stock market volatility. The stock market is temporarily dominated by short-selling sentiment, but the interest rate market. The response of foreign exchange is not great. Some people think that the stock market needs to be adjusted recently, and the Shanghai Composite Index and IC have been formed? Head and shoulder top? IH and IF exposed the macro risks of real estate and banks. The authority of the Asia-Pacific stock market plummeted, and the Shanghai Composite Index in the A-share market fell by more than 100 points. All stocks were wiped out, and only about 300 stocks in the two cities rose. Short-term panic may be more beneficial to the future market.