The post EUR/JPY declines to near 184.00 on Middle East conflict escalation appeared on BitcoinEthereumNews.com.

The EUR/JPY cross trades with mild losses near 184.15 during the early Asian session on Monday. The Japanese Yen (JPY) strengthens against the Euro (EUR) as the escalation of conflict in the Middle East boosts safe-haven assets.  Iran’s Islamic Revolutionary Guard Corps (IRGC) said on Monday that Iran will completely close the Strait of Hormuz if US President Donald Trump acts on threats to target the power plant. This statement came as Trump gave Iran 48 hours to reopen the Strait of Hormuz to shipping or face the destruction of its energy infrastructure. Signs of a prolonged conflict in the Middle East could boost the JPY and act as a headwind for the cross in the near term.  Furthermore, verbal interventions from Japanese authorities might contribute to the JPY’s upside. Japan’s top foreign exchange official, Atsushi Mimura, said on Monday that the government is prepared to take measures on all fronts in foreign exchange volatility.  The European Central Bank (ECB) policymakers are scheduled to speak later on Monday. Any hawkish comments from ECB policymakers could lift the EUR against the JPY. The attention will shift to Japan’s National Consumer Price Index (CPI) inflation report for February, which will be released on Tuesday.  Risk sentiment FAQs In the world of financial jargon the two widely used terms “risk-on” and “risk off” refer to the level of risk that investors are willing to stomach during the period referenced. In a “risk-on” market, investors are optimistic about the future and more willing to buy risky assets. In a “risk-off” market investors start to ‘play it safe’ because they are worried about the future, and therefore buy less risky assets that are more certain of bringing a return, even if it is relatively modest. Typically, during periods of “risk-on”, stock markets will rise, most commodities – except…

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Filed under: News - @ March 23, 2026 2:09 am