EUR/JPY Faces Selling Pressure Near 163.50 as Safe-Haven Demand Increases

The EUR/JPY currency cross continues its downward trend, reaching around 163.50 during the early European session on Monday. The Japanese Yen gains strength against the Euro as investors increase safe-haven demand amidst growing economic uncertainties.

This trend indicates a shift in investor sentiment towards safer assets, as the global economic climate remains unpredictable.