The EUR/JPY cross experiences a downturn, trading close to 172.05 during early European hours on Monday. The Euro (EUR) weakens against the Japanese Yen (JPY), primarily due to the announcement from US President Trump of a new 30 percent tariff on EU goods set to take effect from August 1. The market remains sensitive to these developments, with a prevailing bearish outlook for the cross. Traders will be observing movements closely as these tariff implications could steer decisive shifts in the EUR/JPY exchange rate in the near term.