EUR/JPY continued its downward momentum for the seventh consecutive day, trading around the 176.70 level during Asian hours on Monday, according to FX Street. This marks a persistent weakening in the currency pair amid ongoing market pressures.
The extended losing streak highlights sustained selling interest in the euro against the Japanese yen, reflecting broader risk sentiment and possibly central bank policy expectations.
For Japanese investors, the prolonged depreciation of EUR/JPY comes at a time when the yen remains sensitive to fluctuations in global risk appetite and monetary policy divergences, influencing FX market strategies.