The EUR/JPY currency pair continued its upward momentum for the third consecutive day, trading close to 177.40 during Asian hours on Monday. This steady rise highlights the pair's resilience amid recent market fluctuations.
According to FX Street, the pair's consistent gains reflect sustained buying interest, with prices hovering just below 177.50 and maintaining support above the nine-day exponential moving average (EMA).
For Japanese investors, the pair’s performance is notable as it may influence cross-border trade and investment decisions, especially given the yen's sensitivity to global risk sentiment and monetary policy shifts.