JPY: Yen aggressively growing at the end of the month, probably will continue to grow the rest of year

The yen rose strongly during the night trading, supported in part by the desire to trade without risk to the end of the month, as well as fear of imminent tightening measures, China in the near future. This is most obvious in the pair EUR / JPY, which dropped below 110 for the first time since mid-September. It also led to a moderate corrective activity in the pair USD / JPY, which went back to the level of the gap in 84.00. Today is the last trading day before December, probably, traders will continue to avoid risk to the end of the year and the seasonal trend to strengthen the yen will become a factor that will contribute to more stringent predictions of investors.