EUR/JPY Price Forecast: Tests nine-day EMA support near 177.50
- EUR/JPY tests the immediate support at the nine-day EMA of 177.54.
- The 14-day Relative Strength Index sits at 42.59, signaling modestly soft momentum.
- The primary resistance lies at the descending channel top near 178.70.
EUR/JPY halts its four-day winning streak, trading around 177.70 during Asian hours on Tuesday. Technical analysis of the daily chart shows the currency cross remains within a descending channel pattern, suggesting an ongoing bearish bias.
The EUR/JPY cross is consolidating between short-term support and medium-term resistance. The currency cross holds just above the nine-day Exponential Moving Average (EMA) at 177.54, while the 50-day EMA at 179.84 caps the topside and keeps the broader bias neutral rather than decisively bullish. The 14-day Relative Strength Index (RSI) at 42.59 sits below the midline, hinting at modestly soft momentum but not outright oversold conditions.
The EUR/JPY cross tests the immediate support at the nine-day EMA of 177.54. A successful break below the short-term price average would strengthen the bearish bias and put downward pressure on the currency cross to test the 11-month low of 175.70, which was recorded in November 2025, followed by the lower boundary of its descending channel around 175.60. If selling pressure intensifies and pushes the currency cross below this confluence support zone, further declines could expose the 14-month low at 169.72.
On the upside, the primary resistance lies at the upper boundary of the descending channel near 178.70, followed by the 50-day EMA of 179.84. A move above the medium-term price average would cause a bullish reversal, opening the doors for the EUR/JPY cross to approach the all-time high of 187.95, reached on April 17.
BoJ’s Ueda flags inflation near target as price pressures build
Analysts at Danske Bank highlight that in Japan, BoJ Governor Kazuo Ueda now judges underlying inflation to be "quite close" to the 2% target, pointing to tight labour markets and strong global AI demand as key sources of price pressure.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Euro Price Today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the weakest against the Australian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.05% | 0.07% | 0.00% | 0.03% | -0.28% | 0.17% | 0.15% | |
| EUR | -0.05% | -0.05% | -0.05% | -0.01% | -0.28% | 0.07% | 0.05% | |
| GBP | -0.07% | 0.05% | -0.02% | -0.02% | -0.23% | 0.12% | 0.10% | |
| JPY | 0.00% | 0.05% | 0.02% | 0.03% | -0.18% | 0.14% | 0.13% | |
| CAD | -0.03% | 0.01% | 0.02% | -0.03% | -0.22% | 0.13% | 0.11% | |
| AUD | 0.28% | 0.28% | 0.23% | 0.18% | 0.22% | 0.35% | 0.32% | |
| NZD | -0.17% | -0.07% | -0.12% | -0.14% | -0.13% | -0.35% | -0.01% | |
| CHF | -0.15% | -0.05% | -0.10% | -0.13% | -0.11% | -0.32% | 0.01% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
Recommended Articles
