Key Moments
- EUR/JPY traded close to 180.10 during Asian hours on Friday, trimming gains from the prior session.
- The pair is testing immediate support at the nine-day EMA of 180.12 while the 14-day RSI at 42.47 signals ongoing downside pressure.
- A move above the nine-day EMA could open a recovery toward the 50-day EMA at 182.31, while a break lower would expose 177.00 and 175.70.
Technical Picture: Bearish Channel Intact
EUR/JPY has surrendered part of its previous day’s advance and is trading around 180.10 during Asian hours on Friday. On the daily chart, the cross continues to move within a descending channel, pointing to a sustained bearish technical structure.
The pair maintains a negative short-term tone as it remains below the 50-day Exponential Moving Average (EMA). Price action is sitting directly on the nine-day EMA, which is acting as a key short-term pivot. At the same time, the 14-day Relative Strength Index (RSI) stands at 42.47, still under the neutral 50 threshold, indicating that selling pressure persists and a convincing recovery has yet to emerge.
Downside Levels: Short-Term Support Under Pressure
EUR/JPY is currently challenging immediate support at the nine-day EMA, located at 180.12. A clear break below this short-term moving average would strengthen the existing bearish bias and could put additional downward pressure on the cross.
In that scenario, price would be at risk of moving toward the lower boundary of the descending channel near 177.00. Below that zone, focus would likely shift to the 11-month low of 175.70, which was recorded in November 2025.
Upside Scenarios: Rebound Targets EMA and Channel Resistance
On the upside, a rebound that carries EUR/JPY back above the nine-day EMA could act as a catalyst for a bullish reversal attempt. Such a move would bring the 50-day EMA at 182.31 into view as the next technical hurdle.
Further resistance aligns with the upper boundary of the descending channel, around 184.80. Beyond that, attention would turn to the all-time high at 187.95, which was reached on April 17.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Euro Performance Against Major Currencies
The table below summarizes the percentage change of the Euro (EUR) versus other major currencies today. According to this snapshot, the Euro has been weakest against the Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.09% | 0.06% | -0.27% | 0.07% | -0.02% | 0.17% | 0.17% | |
| EUR | -0.09% | -0.03% | -0.36% | -0.01% | -0.10% | 0.07% | 0.07% | |
| GBP | -0.06% | 0.03% | -0.33% | 0.02% | -0.06% | 0.11% | 0.11% | |
| JPY | 0.27% | 0.36% | 0.33% | 0.37% | 0.26% | 0.45% | 0.44% | |
| CAD | -0.07% | 0.01% | -0.02% | -0.37% | -0.11% | 0.08% | 0.08% | |
| AUD | 0.02% | 0.10% | 0.06% | -0.26% | 0.11% | 0.18% | 0.18% | |
| NZD | -0.17% | -0.07% | -0.11% | -0.45% | -0.08% | -0.18% | 0.00% | |
| CHF | -0.17% | -0.07% | -0.11% | -0.44% | -0.08% | -0.18% | -0.00% |
The heat map indicates the percentage changes of the major currencies relative to each other. The base currency is taken from the left-hand column and the quote currency from the top row. For instance, selecting the Euro from the left column and moving horizontally to the US Dollar cell shows the percentage change for EUR (base)/USD (quote).
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