Japanese Yen

The Japanese Yen is one of the weaker major currencies right now (ranked #7 of 8), with a strength score of -19. Its biggest drag is interest rates: at around 1.3%, it pays less than most other major economies, so it attracts less money than higher-paying rivals. Big global investors are mostly betting against it, which adds to the pressure. It's a safe-haven currency that shines when investors are nervous — but markets are fairly calm right now, which gives it less of a boost. Over the past few weeks it has been gradually weakening. It's also historically cheap versus its own recent range, which can cushion the downside.