EUR/JPY consolidates near 186.00 as risk aversion boosts yen
EUR/JPY edges down 0.06% to around 186.00 amid growing risk aversion from US-Iran tensions. Safe-haven flows strengthen the yen.
EURJPY
The EUR/JPY pair is trading near 186.00, slipping 0.06%, as souring risk appetite driven by the US-Iran conflict boosts demand for the safe-haven Japanese yen.
Bulls are targeting the 188.00 level, but the pair remains in consolidation while geopolitical concerns dominate sentiment.
Market participants are closely watching developments in the conflict, which could further fuel yen strength and cap upside in EUR/JPY.
Source: FXStreet Forex News