On Monday, the yen saw a jump of as much as 0.74% at 148.735 per U.S. dollar USDJPY, and later held strong at 0.46% at 149.145. The Japanese currency had already rallied 0.82% on Friday, following U.S. reports indicating a higher-than-anticipated rise in core inflation last month — a development that fuels stagflation concerns.

Meanwhile, the dollar faced extra pressure due to a shift towards the perceived safety of U.S. Treasuries, which led to a decrease of as much as 6-1/2 basis points in the yield of the 10-year note US10Y to 4.19% on Monday. Gold GOLD surged to an all-time high of $3,112.14, marking three straight sessions of record-breaking highs.

The Swiss franc USDCHF, another classic safe-haven, began the day with a 0.3% increase to 0.8775 per dollar. Ray Attrill, head of FX research at National Australia Bank, pointed out that the recent U.S. economic data revealed a “distinct stagflationary whiff,” resulting in a downturn in stocks and riskier currencies such as the Australian and New Zealand dollars.

Bitcoin, a leading cryptocurrency, saw a 1% dip, trading at $81,703. The wider impact on the crypto market remains to be seen.

The post Yen and Gold Surge Amid Tariff Tensions Sparking Safe-Haven Investment Boom appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

The safe-haven currencies, namely the Japanese yen and the Swiss Franc, have also seen an uptick. Despite these developments, bitcoin has experienced a slight dip, even in the wake of President Trump signing an order to establish a strategic bitcoin reserve.

For more detailed information, create a free account or log in to your existing account.

© Copyright Thomson Reuters 2025. For further restrictions, please visit here.

The post Euro Poised for Its Strongest Week in Over a Decade as Dollar Weakens Pre-Jobs Report appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.