USD/JPY surges as Iran threatens Israel with missile strike
USD/JPY has jumped 0.8% (120 pips) to 151.20 as safe-haven flows flood into the yen following Iran's Supreme Leader Khamenei's threats to launch 100 ballistic missiles at Israel. The escalating Middle East tensions have triggered a sharp risk-off move across global markets, with the Dow Jones falling 2.1% and gold climbing 1.5% to $2,380. Tehran's statements that it 'will not go for half measures' and promises that 'Israel will not remain unscathed' have heightened geopolitical uncertainty. The yen's traditional safe-haven status is driving aggressive buying, pushing USD/JPY through the 150.50 support level. Immediate support now sits at 150.00, while any de-escalation could see a relief rally back toward 152.00. Traders should expect elevated volatility as markets await Israel's response and monitor headlines for further military developments in the region.
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