The US Dollar holds the yield advantage: Why safe-haven demand still sank it against the Japanese Yen

The US Dollar (USD) has experienced a sharp setback against the Japanese Yen (JPY), with USD/JPY plunging from the 158.20 area to intraday lows around 156.08 as falling US Treasury yields and a spike in geopolitical risk aversion triggered aggressive safe-haven demand for the Yen.