EUR/JPY Softens but Maintains Bias Above 100-Day SMA

The EUR/JPY cross has softened to near 185.50 but maintains a constructive bias above the 100-day SMA, according to Mitrade.

On Monday's early Asian session, the pair posted modest losses around 185.60.

The key support level is seen at 185.15, while the first upside barrier to watch is 187.35.

The Japanese Yen (JPY) has edged higher against the Euro (EUR) after data showed core Consumer Price Index (CPI) inflation accelerated in July, bolstering the case for a rate hike by the Bank of Japan (BoJ).