Japanese yen and gold are called safe-haven assets, but they are also related. So what is the impact of the yen's rise on gold? What effect does the depreciation of the yen have on gold? Gold is a safe-haven asset because of its scarcity and stability; Gold has been a universal equivalent that can be exchanged for other commodities and wealth since ancient times; The value of gold itself has been relatively stable; Gold is recognized as a scarce and precious resource in the world. The strong correlation between the yen and gold, the weakness of the yen and the relative strength of the dollar are the weaknesses of gold. The yen carry trade and the depreciation plan of the Bank of Japan seem to affect the whole market. What's the relationship between Japanese yen and gold? It seems that the weakening of the yen pushed the price of gold ... But since 2009, especially after Japan turned to Abenomics in February 2002, the relationship between gold and the yen has changed. The more yen is printed, the lower the price of gold. Ironically, compared with infinite money, gold, a limited ruler, now seems to only measure the relative value of hidden money! Pay attention to the chart below. The trend of the US dollar is relatively moderate, and there is a strong correlation between gold and yen, especially since the implementation of the "Abenomics" at the end of 20 12. The depreciation of the yen can actually promote the appreciation of the Korean won, the appreciation of the yen and the relative decline of the Korean won, which is conducive to exports. Asian stock markets are closer to the value of gold. The appreciation of the yen supports gold, and Asian financial markets are facing opportunities. If the Bank of Japan introduces easing, the yen will fall, the dollar will appreciate relatively, the dollar will appreciate, and gold will be under pressure. Generally speaking, the dollar appreciates, gold falls, the dollar depreciates and gold rises. The price of precious metals in the international market is denominated in dollars, and the US market depresses the price of gold by selling in the futures market. If the yen appreciates, the dollar goes down and the price of gold goes up.