EUR/JPY Trades Near 184.20 with Bearish Bias Amid US-Iran Ceasefire Concerns

The EUR/JPY currency pair was observed trading close to 184.20 during the early European session on Monday, maintaining a bearish technical bias below its 100-day simple moving average (SMA), according to FX Street.

Market participants appear cautious, with potential upside for the cross limited due to nervousness surrounding the fragile ceasefire between the US and Iran, FX Street reported. This geopolitical uncertainty is weighing on trader sentiment and influencing price action in the pair.

For Japanese investors, the EUR/JPY’s movement near a key technical level highlights the ongoing sensitivity of FX markets to global political risks, which may impact portfolio strategies amid broader volatility in equities and cryptocurrencies.