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Gold and Japanese yen: Which one is not a safe-haven asset anymore?

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FXEmpire/FBS/1-21-2020photo of Japanese yen notes

“It seems the Japanese yen has lost its position of the safe-haven asset. It is more likely the only recovery of the carry trade factor will be able to support the Japanese yen. However, the easing monetary policy of the central banks is among the major negative factors that may affect the carry trade.”

USAGOLD note:  We often referenced the Japanese yen and gold as traveling partners at this site. According to this article, that association is now a thing of the past.