The USD/JPY is a favorite target of currency traders the world over. Occasionally referred to as the Gopher or Ninja, valuations of the USD/JPY depend heavily upon foreign trade. Acting as top-five trading partners, monetary policies implemented by the U.S. Federal Reserve (FED) and Bank of Japan (BOJ) are crucial to pricing. Japan’s dependence on its export sector favors currency devaluation, which often undermines its strength against the USD. Natural disasters such as hurricanes and earthquakes periodically drive the USD/JPY directionally. Due to the yen’s reserve currency status among many Asian countries, the USD/JPY is often viewed as a safe-haven asset.