EUR/JPY Strengthens Above 184.50 as Hawkish ECB Supports Euro

The EUR/JPY cross is trading with a positive bias near 184.85 during the early European session on Tuesday. The pair remains above the key 184.50 level, reflecting a bullish tone despite ongoing concerns over potential intervention by Japanese authorities.

Support for the euro comes from the European Central Bank’s hawkish policy stance. Markets are looking ahead to the ECB’s June monetary policy meeting, which could provide further clues on the bank's tightening trajectory. The yield advantage of the euro zone over Japan continues to attract buyers.

On the downside, Japanese intervention risks cap excessive yen weakness. Traders should monitor any verbal warnings from Tokyo, but for now the technical outlook suggests the pair may seek higher levels toward the 185.00 resistance zone.