Snapshot: EUR/JPY currently trades at 184.91, up 0.28% on the day, as Eurozone rates trajectory diverges from that of Japan. With the ECB indicating mild easing bias, including a potential follow-up cut on wage tracker softening, the pair has bid to session highs. Traders will watch comments from ECB policymakers for hawkish pushback.
- Breach of intraday high (185.02) would open further upside; prior intervention zone above at 186.00.
- Risk lies in sudden JPY strength should BoJ signal more aggressive tightening.
Bias into NY: Bullish EUR/JPY, targeting 185.50, supported by dovish ECB guidance, unless USD strengthens significantly after US session open.