The currency pair trades near 185.65 in early European trading, supported by a bullish outlook despite intervention risks from Japan.
The EUR/JPY cross maintained modest gains, trading around 185.65 during Thursday’s early European session. The pair remains above the 185.50 level, reinforcing a bullish bias in the near term.
Recent price action follows a steady uptrend, though potential upside may be capped by concerns over possible foreign exchange intervention by Japanese authorities. Market participants are monitoring developments closely amid broader risk sentiment.
No immediate market reaction was reported, but traders remain cautious of policy shifts that could impact the pair’s trajectory.