Safe-haven flows surged in the forex market on Tuesday as geopolitical tensions escalated between U.S. President Donald Trump and Europe, particularly concerning Greenland. This uncertainty has pushed investors towards traditionally stable currencies, resulting in a stronger performance for the Japanese yen (JPY) and Swiss franc (CHF) against the U.S. dollar (USD). The USD/JPY exchange rate fell to 105.30, while USD/CHF dipped to 0.9100, highlighting the market's flight to safety.
The heightened demand for safe-haven assets has also impacted the euro (EUR), which has seen increased volatility in its trading against the USD. The EUR/USD pair hovered around 1.1800, reflecting cautious sentiment among traders. As geopolitical tensions persist, market participants are closely monitoring potential developments that could further influence trading dynamics and exchange rates in the coming days.
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Data Source: FX Killer Analysis Team Updated: 2026-01-20 20:11
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.