EUR/JPY weakens below 184.00 as BoJ signals further tightening

EUR/JPY is experiencing selling pressure around 183.80 as the Japanese Yen strengthens against the Euro. This movement follows the Bank of Japan's Summary of Opinions from the December policy meeting, which reinforced expectations of further tightening through 2026. The market is responding to this, particularly showing increased short-term selling pressure. The BoJ's tightening approach is interpreted as an adjustment in response to domestic economic and inflation conditions, and investors are closely monitoring this situation. Additionally, from a technical perspective, 183.80 is a key trading level, and a break below this level could lead to further declines. The market might test lower levels, potentially aiming for 180.00, making risk management essential. Participants should stay attuned to BoJ announcements and economic data for necessary position adjustments.