EUR/JPY Bulls Eye 185.00 Resistance Amid Policy Divergence

The EUR/JPY currency pair is making a push towards the 185.00 resistance level, according to technical analysis.

This move is driven by policy divergence between the European Central Bank (ECB) and the Bank of Japan (BoJ), with the ECB expected to tighten further while the BoJ remains accommodative.

The euro has found support from expectations of monetary policy tightening, while the Japanese yen remains under pressure due to the BoJ's ultra-loose stance.

Momentum indicators suggest that buying pressure is intact, but overbought conditions could prompt a short-term consolidation before the next push higher.