EUR/JPY Extends Gains as Bulls Target 185.00 Resistance

The euro advanced against the Japanese yen for a third straight day on Monday, with the pair grinding higher as the yen came under pressure following downbeat Japanese GDP data. The softer growth reading kept the yen on the back foot and supported EUR/JPY.

Market participants are watching the 185.00 area as the next resistance level, with bulls aiming at that zone while the euro continues to push upward.

The near-term focus remains on whether EUR/JPY can extend its move toward the 185.00 handle.