The EUR/JPY currency pair traded near 184.65 during Asian trading hours on Monday, showing modest gains. However, the pair encountered resistance, limiting further upside movement.
According to FX Street, geopolitical tensions in the Middle East have weighed on the pair's momentum, constraining its advance above the 184.50 to 184.65 range. These uncertainties continue to impact risk sentiment in the FX market.
For Japanese investors, the cautious tone surrounding EUR/JPY highlights ongoing sensitivity to global geopolitical developments, which can influence yen demand as a safe-haven currency.