EUR/JPY outlook: upward momentum persists above the nine‑day EMA near 182.50

crypthub

about 9 hours ago

Technical Outlook

The EUR/JPY pair stays above the nine‑day EMA near 182.50, indicating short‑term bullish momentum. The EMA’s upward slope and price distance reflect strong buying pressure. RSI sits around 58, MACD histogram is positive, and the pair also trades above the 21‑day and 50‑day SMAs, confirming a broader uptrend.

Fundamental Drivers

ECB policy remains cautious while inflation eases, supporting the euro, whereas the BOJ continues gradual normalization, keeping the yen weaker. Yield differentials still favor Europe, though the gap has narrowed. Geopolitical risks and commodity price swings add volatility to the cross.

Trading Implications

Traders may favor long positions with stops below the nine‑day EMA or target the 182.00‑183.00 range as key resistance. Risk management should account for volatility around 181.90 support and 183.80 resistance. Monitoring correlated assets and macro news is essential for disciplined positioning.