EUR/JPY Price Forecast: Retreats Toward 184.50, Mild Bearish Bias Persists Below 100-Day SMA

EUR/JPY is currently trading at 184.60405 during early European trading on Wednesday, moving in negative territory. The Japanese Yen (JPY) edged higher against the Euro (EUR) following hawkish signals from the Bank of Japan (BoJ). On the technical front, the pair remains below the 100-day Simple Moving Average (SMA), with a mild bearish bias persisting. Earlier at the time of writing, the price touched around 184.50.