Key Moments
- EUR/JPY is trading near 183.90, below its nine-period and 50-period EMAs at 184.38 and 184.91, reinforcing a bearish near-term bias.
- The 14-day RSI around 38 points to ongoing downside momentum rather than an oversold rebound.
- Spot remains above the session VWAP at 183.81, indicating buyers still dominate intraday flows despite the broader bearish setup.
Bearish Tone Persists Below Key Moving Averages
EUR/JPY is edging lower after modest gains in the prior session, changing hands around 183.90 during Asian trading on Friday. The cross continues to signal short-term weakness as it trades beneath both the nine-period and 50-period Exponential Moving Averages, currently at 184.38 and 184.91, respectively.
Price action remains confined within a symmetrical triangle pattern, highlighting market indecision and a buildup of potential energy ahead of a breakout. At the same time, the 14-day Relative Strength Index has slipped to roughly 38, pointing to sustained downward pressure instead of a clear oversold reversal.
VWAP Signals Intraday Buyer Control
The session Volume-Weighted Average Price (VWAP) reflects the average price paid over the trading day, adjusted for volume. With spot EUR/JPY trading above the VWAP level of 183.81, buyers are currently exerting control and are willing to transact at a premium relative to the session’s average price.
Within the context of the symmetrical triangle, volatility is contracting. The price is effectively compressed between converging trendlines, which limits directional clarity. As a result, tools such as VWAP tend to lose directional significance until the market breaks out of the triangle structure.
Key Technical Levels: Support and Resistance
On the downside, the first notable support is located at the lower boundary of the symmetrical triangle around 183.40. A move below this area would open the way toward the four-month low at 181.87, set on March 16, followed by the six-month low at 180.81.
On the upside, the initial resistance level is the nine-period EMA at 184.38, with additional resistance at the 50-period EMA at 184.91. A decisive move above these moving averages would temper the bearish tone and bring the upper edge of the symmetrical triangle, near 186.00, into focus. A continuation of any bullish breakout could then leave the cross targeting the all-time high at 187.95.
EUR/JPY: Daily Chart
Euro Performance Against Major Currencies
The table below presents the current percentage change of the Euro (EUR) relative to major counterparts. According to these readings, the Euro is weakest versus the Swiss Franc.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | – | -0.03% | -0.05% | -0.11% | -0.06% | 0.33% | 0.14% | -0.17% |
| EUR | 0.03% | – | -0.03% | -0.06% | -0.01% | 0.36% | 0.14% | -0.13% |
| GBP | 0.05% | 0.03% | – | -0.04% | -0.01% | 0.39% | 0.19% | -0.11% |
| JPY | 0.11% | 0.06% | 0.04% | – | 0.05% | 0.43% | 0.22% | -0.06% |
| CAD | 0.06% | 0.00% | 0.00% | -0.05% | – | 0.39% | 0.16% | -0.13% |
| AUD | -0.33% | -0.36% | -0.39% | -0.43% | -0.39% | – | -0.20% | -0.48% |
| NZD | -0.14% | -0.14% | -0.19% | -0.22% | -0.16% | 0.20% | – | -0.29% |
| CHF | 0.17% | 0.13% | 0.11% | 0.06% | 0.13% | 0.48% | 0.29% | – |
The heat map shows percentage changes of major currencies against each other. The base currency is taken from the left-hand column, and the quote currency from the top row. For example, selecting the Euro as the base on the left and moving horizontally to the US Dollar column shows the percentage move in EUR (base)/USD (quote).
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