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It’s a Good Time to Buy the Yen Versus Dollar, History Shows

  • Dollar-yen has slid in January seven out of the last 10 times
  • This year’s flash crash has made traders wary:
Japan Banknotes Printing Facility Media Tour
Photographer: Akio Kon/Bloomberg
Updated on

The last quarter of 2019 has been painful for yen bulls, but if history is any guide, good times may be just around the corner.

January has proved to be a favorable month for Japan’s currency, bringing gains against the dollar in seven of the last 10 years. Some Tokyo-based strategists expect a repeat in 2020.