EUR/JPY Price Forecast: Eyes nine-day EMA barrier near 180.00
- EUR/JPY may navigate the region around the lower boundary of the descending channel at 177.00.
- The 14-day Relative Strength Index is at 41.43, signalling weak yet stabilizing momentum.
- The immediate barrier lies at the nine-day EMA at 17.88.
EUR/JPY gains ground after registering modest losses the previous day, trading around 179.70 during Asian hours on Monday. Technical analysis of the daily chart shows that the currency cross continues to trade within a descending channel pattern, pointing to a persistent bearish outlook.
The EUR/JPY cross retains a bearish near-term bias as it remains below both the nine-day and 50-day Exponential Moving Averages (EMAs). The short-term EMA sitting just above price hints at immediate topside pressure, while the longer EMA reinforces a broader capped tone. The 14-day Relative Strength Index (RSI) at 41.43 stays below the midline, suggesting weak but stabilizing momentum after the recent pullback.
The EUR/JPY cross may navigate the region around the lower boundary of the descending channel at 177.00, followed by an 11-month low of 175.70, recorded in November 2025.
On the upside, the EUR/JPY cross may test the nine-day EMA at 17.88. A break above the short-term price average could trigger a bullish reversal and support the cross as it tests the 50-day EMA at 182.17. Further resistance lies at the upper boundary of the descending channel around 184.60, followed by the all-time high of 187.95 set on April 17.
However, strategists at Scotiabank highlight that the Japanese Yen is leading G10 gains against the US Dollar, noting that "JPY is outperforming on verbal intervention & FX comments from both PM Takaichi & FinMin Katayama." They point out that the latest remarks from Japan’s political leadership, expressing concern over a weak Yen, have provided notable near-term support and helped drive what the bank describes as an impressive move in the currency.
(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 strongest against the Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.02% | -0.16% | 0.27% | 0.05% | -0.07% | -0.28% | -0.01% | |
| EUR | -0.02% | -0.02% | 0.27% | 0.04% | -0.07% | -0.17% | -0.03% | |
| GBP | 0.16% | 0.02% | 0.29% | 0.05% | -0.06% | -0.14% | 0.11% | |
| JPY | -0.27% | -0.27% | -0.29% | -0.24% | -0.36% | -0.45% | -0.17% | |
| CAD | -0.05% | -0.04% | -0.05% | 0.24% | -0.14% | -0.23% | 0.05% | |
| AUD | 0.07% | 0.07% | 0.06% | 0.36% | 0.14% | -0.10% | 0.17% | |
| NZD | 0.28% | 0.17% | 0.14% | 0.45% | 0.23% | 0.10% | 0.29% | |
| CHF | 0.01% | 0.03% | -0.11% | 0.17% | -0.05% | -0.17% | -0.29% |
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).
Nothing in this material constitutes investment advice, personal recommendation, investment research, an offer, or a solicitation to buy or sell any financial instrument. The content has been prepared without consideration of your individual investment objectives, financial situation, or needs, and should not be treated as such.
Past performance is not a reliable indicator of future performance and/or results. Forward-looking scenarios or forecasts are not a guarantee of future performance. Actual results may differ materially from those anticipated.
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