EUR/JPY Price Forecast: Bullish Bias Remains Intact Despite Loss Of Momentum Near 185.00

The post EUR/JPY Price Forecast: Loses momentum to near 185.00, but bias stays bullish appeared on BitcoinEthereumNews.com. The EUR/JPY cross loses momentum to near 185.10 during the early European session on Thursday. Escalations in the US-Iran conflict boost the safe-haven currency, such as the Japanese Yen (JPY) and act as a headwind for the cross.  CNN reported on Thursday that Iran’s Islamic Revolutionary Guard Corps (IRGC) launched an attack targeting an American air base, which they said was the source of US strikes on Iranian targets hours before. The US strikes targeted Iranian drones and a launch site near the Strait of Hormuz.  Traders will keep an eye on the Tokyo May Consumer Price Index (CPI) inflation report, which is due later on Friday. In case of a softer-than-expected Tokyo CPI print, this could drag the Japanese Yen lower against the Euro (EUR) in the near term.  Technical Analysis: In the daily chart, EUR/JPY holds a mild bullish bias as it trades above the 100-day

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