Snapshot: EUR/JPY trades at 185.49, down -0.03% on the day, as the market digests the ECB’s mild easing bias against the Bank of Japan’s slow normalisation stance. German Prelim CPI at 08:29 CET will be closely watched for confirmation of the Eurozone’s disinflation trend.
- Support holds near 185.20; break below opens a test of 184.80.
- Risk: Intervention looms large as the Yen weakens further.
Bias into NY: Mildly bullish while above 185.20 as BoJ is expected to normalise more slowly than the ECB. Stronger-than-expected German CPI could fuel a rally towards 186.00.