Yen strengthens after gold slump triggers safe-haven rotation in Asia

In Asian early-morning trading on October 22 2025, the Japanese yen rose sharply after a brief decline in gold prices triggered a rebalancing of safe-haven assets. The U.S. dollar slipped from its recent highs to the yen as investors sought shelter amid broader market jitters. The move came as bullion tested earlier highs and triggered caution in gold-reliant flows. Currency analysts noted that the yen rally reflects both technical flows and increased risk-aversion in regional markets, particularly ahead of key policy developments in Japan and the U.S.