EUR/JPY ATTRACTS SELLERS NEAR 161.50 AMID SAFE-HAVEN FLOWS
EUR/JPY ATTRACTS SELLERS NEAR 161.50 AMID SAFE-HAVEN FLOWS
The pair has attracted sellers around the 161.50 mark, reflecting a shift in market sentiment.
The Japanese Yen (JPY) has strengthened against the Euro (EUR) as investors seek safe-haven assets amid global uncertainties.
Market sentiment has been affected by concerns over U.S. President Donald Trump's tariffs and the escalating U.S.-China trade war, leading to increased demand for the JPY.
Expectations that the Bank of Japan (BoJ) will continue to raise interest rates in 2025, supported by sustained wage growth and inflation, have contributed to the JPY's strength.
The Euro has faced pressure as the European Union responds to U.S. tariffs with retaliatory measures, impacting the EUR/JPY pair.
From a technical perspective, the EUR/JPY pair is approaching key support levels. A decisive break below these levels could signal further declines, potentially targeting lower thresholds.
