USD Safe-Haven Demand Rises on Ukraine Security Concerns

The US dollar strengthened across major pairs as geopolitical tensions escalated following Ukrainian President Zelenskyy's call for accelerated security guarantees after meeting with US Envoy Kellogg. Safe-haven flows pushed USD/JPY up 0.2% to 150.45, while EUR/USD declined 0.15% to 1.0835 as risk appetite waned. The developments come amid broader market uncertainty about the Russia-Ukraine conflict's potential escalation, prompting investors to reduce exposure to riskier currencies. European currencies showed particular weakness, with EUR and GBP under pressure as proximity to the conflict zone weighs on sentiment. Technical indicators suggest USD/JPY faces resistance at 150.80, while EUR/USD found support near the 1.0820 level. Traders are positioning defensively ahead of potential further geopolitical developments, with safe-haven currencies likely to remain bid if tensions persist through the week.