[MARKET UPDATE] DXY continues to extend its haven bid, now towards session highs of 98.52; EUR/USD briefly dipped below 1.1700; USD/JPY towards peaks at 157.21
Context
The DXY's continued ascent reflects increasing demand for the dollar as a safe haven, particularly as geopolitical or economic uncertainties may be influencing market sentiment. The movement of EUR/USD dipping below 1.1700 and USD/JPY approaching 157.21 may indicate a stronger dollar narrative, which could impact broader risk sentiment and commodity prices, including gold.
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