⚡ EUR/JPY Price Forecast: Loses momentum to near 185.00, but bias stays bullish

**EUR/JPY SLIDES ON SAFE-HAVEN DEMAND AS US-IRAN TENSIONS ESCALATE**

The EUR/JPY currency pair retreated to approximately 185.10 during early European trading Thursday as escalating tensions between the United States and Iran triggered a flight to safe-haven assets. The Japanese Yen strengthened across the board as geopolitical uncertainty drove traders away from riskier positions, creating downward pressure on the cross despite maintaining an overall bullish bias.

The move reflects classic risk-off market behavior, with the Yen benefiting from its traditional status as a refuge during periods of geopolitical instability. While the pair has lost near-term momentum, technical analysts note the broader uptrend remains intact, suggesting current weakness may prove temporary if tensions de-escalate.

Forex traders are closely monitoring developments in the Middle East conflict, as further deterioration could accelerate Yen strength and push EUR/JPY lower in coming sessions.

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FXnCO Insight

** Traders should watch 185.00 as a critical support level while geopolitical headlines drive volatility, with protective stops advisable given safe-haven flow intensity.

Source: FXStreet