EUR/JPY climbed for two consecutive days but encountered resistance near the 184.70 level on Tuesday. Despite the prior gains, the pair struggled to push higher and closed the day close to its opening price at 184.69, according to FX Street.
FX Street noted that buyers failed to gain traction around the 184.70 mark, resulting in a lackluster finish for the euro against the yen. This pause suggests that market participants are cautious amid current conditions.
Given Japan’s ongoing monetary policy stance, movements in EUR/JPY remain closely watched by traders looking for signals on risk sentiment and central bank divergence.