EUR/JPY Price Forecast: Bullish outlook remains in place near 172.00, overbought RSI condition eyed

  • The EUR/JPY cross loses ground to near 172.05 during the early European session on Monday. The Euro (EUR) weakens against the Japanese Yen (JPY) after US President Donald Trump said on Saturday that the United States (US) will impose a 30% tariff on goods from the European Union (EU), starting on August 1.