Euro Advances Against Yen as Technical Focus Shifts to 183.34 Barrier

Key Moments

EUR/JPY Tests Short-Term Resistance

EUR/JPY erased the prior session’s pullback and was quoted near 183.20 during Asian trading on Friday. Price action is now pressing against the immediate resistance defined by the nine-day Exponential Moving Average (EMA) at 183.34.

The daily chart profile indicates that the short-term EMA has eased lower and is currently containing intraday rallies. This pattern highlights a consolidation phase unfolding above the medium-term trend indicator.

I meann just look at this #EURJPY chart 📈, Resting perfectly on the support trendline.
It has created an all time high so it can either keep going up or break the trend it has created. pic.twitter.com/4hgRCAxAfY

— Tman👽 (@tman_nwangwu) January 8, 2026

Momentum and Trend Indicators

The 14-day Relative Strength Index (RSI) stands at 54, which is described as neutral and consistent with steady momentum after retreating from overbought territory. The indicator edging into the mid-50s is seen as supportive of stabilization without implying an overstretched market.

On the trend side, the 50-day EMA has risen to 181.43, reinforcing the prevailing medium-term upward bias. As long as spot remains above this moving average, the broader constructive backdrop is considered intact, supporting a dip-buying approach while this level holds.

Upside Levels: EMA Break Needed to Re-Engage Highs

A daily close back above the nine-day EMA at 183.34 would be viewed as a positive near-term signal, potentially opening the way for a move toward key overhead levels. The next major hurdle is located around the all-time high at 184.95, which was posted on December 22, and is closely aligned with the psychologically important 185.00 mark.

Downside Risks and Support Zones

If EUR/JPY fails to reclaim the short-term EMA, the cross is seen as vulnerable to a deeper mean-reversion phase. In that scenario, price could gravitate toward the first notable support at the four-week low of 181.57, which was registered on December 17.

Below that, attention would turn to the 50-day EMA at 181.43. Maintaining levels above this medium-term average is regarded as critical for preserving the broader bullish tone in the cross.

EUR/JPY – Daily Chart Context

The current technical setup for EUR/JPY reflects a market pausing just beneath short-term resistance, with the rising 50-day EMA acting as a key pivot for the ongoing uptrend. The interaction between spot, the nine-day EMA, and the 50-day EMA will likely continue to shape directional signals.

Euro Performance Against Major Currencies

The table below outlines today’s percentage changes for the Euro (EUR) versus major peers. EUR recorded its strongest relative move against the Japanese Yen.

The heat map is read by selecting the base currency from the left-hand column and the quote currency from the top row. The value shown in each cell represents the percentage change for the base currency against the quote currency.