Protective assets are back in fashion (1)

These days the prolonged rally of the US stock market was interrupted and resulted in a mass avertion from risky assets in all trading floors of the world. In these conditions, the Japanese yen naturally became the beneficiary and updated the highs of the current year paired with the dollar. USD/JPY has been falling continuously for the seventh day in a row, and today the quotations reached an important support level at 111.00, the breakdown of which will open the way to new records.
Investors are showing concern about the implementation of the plans of the Trump's administration. Tomorrow will be a fateful vote on the abolition of health care reform. And the importance of this event for the markets is that the outcome of the vote will show how successful Trump initiatives will be in the future. Especially the players are concerned about the future of the promised fiscal incentives and tax reform. So, at least until the results of discussion of healthcare reform in the markets are announced, the current tension will remain, and the protective assets will continue to be in demand.