EUR/JPY declines 0.18% to 184.93 after US Treasury Secretary comments on curbing excess currency volatility.
EUR/JPY fell 0.18% to 184.93 on Tuesday as the Japanese Yen strengthened following remarks from US Treasury Secretary Scott Bessent. Bessent stated that excess volatility in foreign exchange markets is undesirable, prompting a brief rally in the Yen against the Euro.
The cross-pair had earlier peaked near session highs before retracing. No specific targets or policy shifts were announced, but the comments reinforced expectations of coordinated efforts to stabilize currency movements.
Markets showed limited reaction beyond the immediate dip, with traders monitoring further signals from US and Japanese authorities.