Safe-haven demand lifts the JPY as geopolitical tensions offset strong US jobs data, pushing USD/JPY lower.
The Japanese Yen climbed toward 156.60 against the US Dollar on Friday, driven by safe-haven flows amid escalating Middle East tensions. The move occurred despite robust US labor-market data, which typically supports the greenback.
Earlier in the week, USD/JPY traded near 157.00, reflecting broad Dollar strength. However, risk aversion triggered by geopolitical concerns provided modest support for the Yen, limiting the pair’s downside.
Markets remain cautious as investors weigh the impact of geopolitical risks against US economic resilience.