EUR/JPY remains near 161.00 amid increased global risk aversion
The EUR/JPY pair is holding onto its losses near the 161.00 level due to heightened global risk aversion. This is impacting the currency pair as investors are opting for safe-haven assets amidst uncertainties in the global market.
The euro is facing pressure against the Japanese yen as risk aversion sentiment rises, leading to a decrease in demand for riskier assets. This has caused the EUR/JPY pair to struggle to maintain its position above the 161.00 level.
The current global environment is characterized by increased uncertainty and volatility, which is driving investors towards safer assets such as the Japanese yen. This has resulted in the EUR/JPY pair holding onto its losses near the 161.00 level.
Overall, the EUR/JPY pair is being influenced by heightened global risk aversion, which is impacting its performance in the market. Investors are closely monitoring the situation and adjusting their positions accordingly.