EUR/JPY Softens Near 184.50 as Mildly Bearish Bias Persists

EUR/JPY came under pressure on Wednesday, trading in negative territory around 184.60 during the early European session. The Japanese yen edged higher against the euro as markets digested hawkish signals from the Bank of Japan.

Price action has softened toward the 184.50 area, while the cross remains below its 100-day simple moving average. As a result, the near-term bias is being described as mildly bearish, with the technical setup keeping sellers in control for now.