USD/JPY drops 0.4% as safe havens rally in Asian session

The US dollar continues to face selling pressure across the board during Asian trading hours, with safe-haven currencies leading gains. USD/JPY has fallen 0.4% to 155.20, while USD/CHF declined 0.3% to 0.8920, reflecting increased demand for traditional safe-haven assets. EUR/USD climbed 0.3% to 1.0780, and GBP/USD advanced 0.35% to 1.2650, as the dollar index (DXY) broke below key support at 104.50. Gold prices rallied 0.5% to $2,035 per ounce, further confirming the risk-off tone in markets. The persistent dollar weakness suggests traders are positioning defensively ahead of upcoming US economic releases and potential Federal Reserve policy shifts. Technical analysis shows USD/JPY approaching critical support at 155.00, with a break below potentially accelerating losses toward 154.50. Traders should watch for any shifts in risk sentiment or unexpected economic data that could reverse the current dollar downtrend.