The EUR/JPY currency pair experienced mild losses, hovering around 185.60 during the early European session on Monday, according to FX Street.
The pair remained just above the 100-day simple moving average (SMA), reflecting cautious trading sentiment among investors. Earlier levels saw the cross near 185.50 before stabilizing slightly higher.
For Japanese market participants, movements in EUR/JPY are closely watched as they can influence cross-border investment flows and impact export-driven sectors amid ongoing currency market volatility.