The uncertainty of the US election has triggered a safe-haven sentiment, and the Japanese yen has pumped abnormally.

Golden Ten Data on July 22, analyst Garfield Reynolds pointed out that the yen's jump on Monday highlighted the market's concern about the twists and turns of the United States presidential election, and market sentiment has become somewhat fragile at this time. The uncertainty caused by United States President Joe Biden's withdrawal from this year's election is prompting European Forex traders to return to the old "risk aversion" routine. The yen pumped around 0.6% against the dollar during the day, reproducing the sudden risk-off reaction during the global IT accident last Friday. At the same time, the typical risk currency, AUD/USD, is hitting daily lows. While European and United States equity index futures are higher, the sharp downtrend from recent actions has made the current gains vulnerable. Over the past few months, investors have spent a lot of time pondering whether the stock market's rebound can be sustained amid a looming global economic slowdown and continued valuations. Most of the Fluctuation in the market on Monday has been small so far, enough to show that the political events of the weekend do not represent major changes. This could still be a cause for concern after the "animal spirits" have shown signs of cooling down over the past few weeks.