Snapshot: EUR/JPY trades at 184.49, up 0.42% on the session, driven primarily by diverging monetary policy outlooks between the ECB and BoJ. Lagarde’s speech at 14:30 CET will be closely watched for any hints of a shift in the ECB’s mild easing bias.
- Clear bullish signal above 184.51 (intraday high).
- Risk of profit-taking ahead of Lagarde.
Bias into NY: Bullish while the ECB maintains its dovish tilt and the BoJ signals only gradual normalisation; targeting 185.00. DXY strength adds a tailwind, though domestic policy divergence is the primary driver.