USD/JPY Falls as Safe-Haven Yen Strengthens on Risk-Off Sentiment

USD/JPY has declined sharply as safe-haven demand drives yen strength amid growing risk aversion in global markets. The pair retreated from recent highs near 153.00, falling through key support levels as investors seek the traditional safety of the Japanese currency. Market uncertainty surrounding geopolitical tensions and concerns about global economic growth have triggered defensive positioning, benefiting the yen against most major currencies. Technical indicators show USD/JPY breaking below the 152.00 psychological level, with immediate support now at 151.50 followed by the 200-day moving average at 151.00. The Bank of Japan's recent policy stance remains accommodative, but safe-haven flows are currently overwhelming yield differential considerations. Traders are monitoring risk sentiment indicators closely, as any stabilization in market conditions could see the pair bounce from oversold levels. However, sustained risk-off momentum could drive USD/JPY toward the 150.00 major support zone.