EUR/JPY SLIPS BELOW 163.00 AS TRADE-RELATED UNCERTAINTIES BENEFIT THE SAFE-HAVEN JPY
EUR/JPY SLIPS BELOW 163.00 AS TRADE-RELATED UNCERTAINTIES BENEFIT THE SAFE-HAVEN JPY
The EUR/JPY currency pair has experienced downward pressure, moving below the 163.00 level during the Asian session on Monday.
This decline follows a peak of approximately 163.75 reached on Friday, indicating a shift in market sentiment.
EUR/JPY has retreated from its recent high of 163.75, dropping below the 163.00 mark during the Asian session on Monday.
The Japanese Yen has strengthened as a safe-haven currency amid renewed concerns over potential tariffs from the United States and escalating geopolitical tensions.
This increased demand for the Yen has contributed to the downward movement of EUR/JPY.
Rising trade tensions, including the threat of new tariffs, have created uncertainties in the market, leading investors to seek safer assets like the Japanese Yen.
This shift in investor sentiment has put downward pressure on the Euro.
Despite the recent decline, the EUR/JPY pair lacks strong bearish momentum.
