"Trump’s 2024 Victory and the Yen: What Lies Ahead for Japan’s Currency" #topicdiscussion Donald Trump’s 2024 re-election could have significant implications for the Japanese yen (JPY), as Japan’s economy and currency tend to be influenced by U.S. policy decisions and global investor sentiment. Following Trump’s win, investors are already preparing for possible market volatility and shifts in trade policies, both of which have previously impacted the yen. Trump’s “America First” stance may lead to trade tensions, particularly with China, which often causes investors to seek safer assets like the yen. Known for its status as a “safe haven” currency, the yen could appreciate if market uncertainty rises, as investors may look to the stability of the JPY during turbulent times. This was a trend seen during Trump’s first term, where geopolitical tensions periodically strengthened the yen. In addition, Trump’s potential fiscal policies, like tax cuts and increased government spending, could lead to a stronger dollar in the near term if they spur U.S. growth. This would likely pressure the yen, making Japanese exports more competitive. However, a stronger dollar could also increase inflation, possibly prompting the U.S. to raise interest rates. Higher U.S. rates would typically favor the dollar over the yen, leading to a weaker JPY relative to the USD.