USD/JPY and Safe-Haven Pairs React to AI-Driven Risk-Off Mood

Sharp swings in chip and software stocks tied to AI development concerns are spilling into currency markets, with haven demand lifting the yen and franc against risk-sensitive counterparts. USD/JPY's short-term chart shows price stalling beneath a horizontal resistance level formed over recent sessions.

Bearish divergence on the RSI, paired with a flattening MACD, suggests fading upside momentum as equity volatility rises. A break below the nearest support could confirm a shift toward a corrective pattern targeting the next Fibonacci retracement zone.

Correlation between equity risk sentiment and yen crosses has strengthened this week, meaning further AI-related equity weakness could accelerate technical breakdowns across JPY pairs, particularly if key moving averages are breached on a closing basis.