USD/JPY facessomeselling pressure near 154.15inFriday’searly Asian session. The escalating geopolitical tension in the Middle East and Asia boosts the safe-haven JPY. Investors raise their bets that the US Fed will delay interest rate cuts to September. The USD/JPY pair attracts some sellers around 154.15on Friday during the early Asian trading hours. The risk-off mood and rising tension between Israel and Iran boost the safe-haven flows, benefiting the Japanese Yen .
Noguchi noted that the“focus now is on the pace at whichthe policy rate will be adjustedand at what level it will eventually stabilize.”The uncertainty surrounding theBoJ’sfuture rate hike path remains weighing on the JPY. Nonetheless, the conflict between Israel and Iran triggered Middle East war fears. On Friday, Prime Minister Benjamin Netanyahu said Israel willmake its"own decisions"when responding toIran'sunprecedented weekend airstrikes, per CNN.