USD/JPY bearish as market uncertainty drives yen safe-haven demand

USD/JPY has declined 0.5% (75 pips) to 149.25 as heightened market uncertainty triggers safe-haven flows into the Japanese yen. The pair faces sustained selling pressure amid growing concerns about global economic stability and geopolitical tensions. The US Dollar Index has retreated from recent highs, falling 0.3% to 104.50, while Japanese government bond yields remain compressed, supporting the yen's defensive appeal. Technical indicators suggest bearish momentum is intensifying, with the pair breaking below the key 150.00 psychological support level. The 50-day moving average at 149.80 now acts as immediate resistance, while further support lies at 148.50 (August low). Traders are closely monitoring upcoming US inflation data and any potential Bank of Japan policy shifts. A sustained break below 148.50 could accelerate the downtrend toward 147.00, particularly if risk-off sentiment persists in global markets.