USD/JPY, USD/CHF surge on Israel-Iran tensions escalation

Safe-haven currencies JPY and CHF strengthened against the USD as geopolitical tensions intensified following Israeli airstrikes on Iranian nuclear facilities and military installations. USD/JPY dropped 0.8% to 155.20, while USD/CHF fell 0.6% to 0.8950 as risk-off sentiment dominated Asian trading. Gold prices spiked 1.2% to $2,385/oz, reinforcing the flight to safety. The targeted killing of senior Iranian commanders, including weapons transfer chief Bahnam Shahriari, has heightened fears of regional escalation. Oil prices jumped 3.5% with WTI crude reaching $82.50/barrel on supply disruption concerns. Technical indicators show USD/JPY testing support at 155.00, with potential for further decline toward 154.50 if tensions persist. USD/CHF faces immediate support at 0.8920. Traders should monitor headlines closely as any diplomatic developments or retaliatory actions could trigger sharp volatility in safe-haven pairs.