⚡ EUR/JPY Price Forecast: Strengthens above 184.50 with bullish tone despite intervention risks

**BREAKING: EUR/JPY Holds Above 184.50 on ECB Hawkish Expectations**

The EUR/JPY cross is maintaining bullish momentum around 184.85 in early European trading Tuesday, supported by growing expectations of a hawkish European Central Bank stance ahead of Thursday’s June policy meeting. The Euro continues to strengthen against the Japanese Yen despite lingering intervention risks from Japanese authorities concerned about Yen weakness.

The currency pair’s resilience above the 184.50 level signals sustained market confidence in Euro strength, driven primarily by ECB policy divergence from the Bank of Japan’s ultra-loose monetary stance. Traders are positioning ahead of Thursday’s critical ECB decision, which could determine near-term direction for the cross.

Japanese intervention threats remain a key risk factor that could trigger sudden volatility, though markets are currently favoring Euro bulls on interest rate differential dynamics.

**

FXnCO Insight

** Watch for potential whipsaw moves around Thursday’s ECB meeting, with tight stops recommended above 185.00 given unpredictable Japanese intervention timing that could rapidly reverse current gains.

Source: FXStreet