Strengthening of the yen and gold indicates a risk

On the last trading day of the week the dollar shifted into recovery mode after the recent sales. Currency steadily strengthened against major currencies, but lost ground against the yen.
Despite the return of interest in the dollar, quotation continued to retreat, trading at weekly lows at 113.00 mark. The purchase of yen, which is actively growing in the dollar and the euro, suggests that markets do not forget about the political risks in the global arena, while on the stock markets at the same time signs of panic is not observed. For the concerns of investors signals an increased demand for gold, which is also a traditional safe haven. Metal is continuously going up already 4 day in a row, trading in the area of 1243.
In the US there are doubts that Trump will be opposed by some Republicans in an attempt to tax reform. Also, the players do not forget about the protectionist policies of the new president, fearing from new attacks on China, Japan, Germany and other countries. In Europe, the main risks are concentrated on the topic of elections, where there is a strength of anti-European sentiment, forming a threat to Europe's disintegration.
In the light of all these fears, the long-term prospects for safe assets look favorable. In bursts of optimism yen and gold will show temporary setbacks, which will then be replaced with new turns of purchases. Against this background, in mid-term USD/JPY could easily lose 111.00 level and reach 110.00.