USD/JPY rises on Iran nuclear concerns amid geopolitical tensions

USD/JPY has gained momentum in early Asian trading, climbing 0.2% to test the 151.80 level as safe-haven flows emerge following reports about Iran's nuclear program. Israeli intelligence officials revealed that Iran's highly enriched uranium stockpile is secured in underground tunnels at Fordow and Isfahan facilities, effectively sealed from external access after recent bombing incidents. The revelation has heightened Middle East geopolitical tensions, traditionally supporting the yen as a safe-haven asset, though dollar strength from risk-off sentiment is currently dominating. Markets are monitoring potential escalation risks that could trigger more significant yen buying if diplomatic tensions intensify. Technical indicators show USD/JPY facing immediate resistance at 152.00, with support established at 151.50. Traders should watch for any further developments in the Iran situation, as significant escalation could quickly reverse current dollar strength and push the pair toward the 150.00 psychological support level.