Snapshot: EUR/JPY currently trades at 185.38, down -0.04% on the day. Euro fragility stems from a mild easing bias preserved by the ECB. Today’s catalyst is ECB President Lagarde speaking at 09:10 CET.
- Key support near the day’s low of 184.90.
- Risk of Yen strength if Tokyo Core CPI at 08:30 JST beats expectations.
Bias into NY: Mildly bearish EUR/JPY as the ECB maintains its easing bias while the BoJ signals willingness to hike further if the outlook permits; look for tests of 184.90.