The EUR/JPY consolidates around 186.00, edges down by 0.06% amid a souring of risk appetite amid the escalation of the US-Iran war, and strengthens safe-haven assets like the Japanese Yen.
EUR/JPY Price Forecast: Technical outlookThe EUR/JPY trades sideways after reaching the year-to-date (YTD) high of 187.95. The cross-pair dipped toward the 183.00 area following the Bank of Japan's (BoJ) last intervention, and since then buyers have reclaimed key resistance levels to reach the 186.00 mark.
At the time of writing, the EUR/JPY remains capped within the 186.00-187.00 range, amid fears that Japanese authorities could intervene in the foreign exchange markets. But bulls seem to be gaining momentum as indicated by the Relative Strength Index (RSI) in bullish territory.
Buyers need to clear 187.00 to challenge the YTD high at 187.95. Once those levels are taken out, the next resistance would be the 189.00 mark ahead of the 190.00 psychological level.
On the other hand, if sellers push the EUR/JPY below the July 20 low of 185.35, it exacerbates a move toward the 50-day Simple Moving Average (SMA) at 185.20, followed by the 100-day SMA at 185.05. Still lower lies the 200-day SMA at 183.29.
EUR/JPY daily price chart
EUR/JPY daily chart Japanese Yen Price Today The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the strongest against the Swiss Franc.
USDEURGBPJPYCADAUDNZDCHFUSD0.02%-0.04%0.00%0.07%-0.17%-0.25%0.19%EUR-0.02%-0.08%-0.06%0.00%-0.25%-0.34%0.12%GBP0.04%0.08%0.04%0.11%-0.16%-0.22%0.22%JPY0.00%0.06%-0.04%0.08%-0.19%-0.27%0.17%CAD-0.07%-0.01%-0.11%-0.08%-0.27%-0.35%0.10%AUD0.17%0.25%0.16%0.19%0.27%-0.07%0.35%NZD0.25%0.34%0.22%0.27%0.35%0.07%0.43%CHF-0.19%-0.12%-0.22%-0.17%-0.10%-0.35%-0.43% 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 Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)/USD (quote).
EUR/JPY extends its gains for the fourth consecutive day, trading around 186.50 during the Asian hours on Friday. The currency cross is maintaining a bullish near-term bias as price holds above both the nine-period and 50-period Exponential Moving Averages (EMAs). The positioning above these trend filters, together with a 14-day Relative Strength Index (RSI) around 60, suggests constructive upside momentum while stopping short of overbought territory.
The daily chart technical analysis shows an ascending triangle has morphed into a rising wedge, signaling a shift from bullish accumulation to market exhaustion, typically indicating a strong bearish reversal risk.
The EUR/JPY cross is positioned within the rising wedge, with targeting the upper boundary around 186.80. Further advances would support the currency cross to navigate the region around the all-time high of 187.95, which was recorded on April 17.
On the downside, the initial support lies at the nine-day EMA of 185.94, with additional backing at the 50-day EMA of 185.26, aligned with the lower boundary of the rising wedge. Further declines below the wedge put downward pressure on the EUR/JPY cross to navigate the region around the five-month low of 181.87, recorded on March 16, and the seven-month low of 180.81.
EUR/JPY: Daily Chart(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 US Dollar.
USDEURGBPJPYCADAUDNZDCHFUSD-0.09%0.00%-0.03%-0.06%-0.08%-0.12%0.03%EUR0.09%0.06%0.02%-0.02%-0.06%-0.09%0.06%GBP-0.01%-0.06%-0.02%-0.07%-0.11%-0.12%0.01%JPY0.03%-0.02%0.02%-0.02%-0.07%-0.09%0.04%CAD0.06%0.02%0.07%0.02%-0.04%-0.08%0.07%AUD0.08%0.06%0.11%0.07%0.04%-0.02%0.09%NZD0.12%0.09%0.12%0.09%0.08%0.02%0.13%CHF-0.03%-0.06%-0.01%-0.04%-0.07%-0.09%-0.13% 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).
The EUR/JPY extends its advance for the third straight day, set to end the week with solid gains as traders brace for the end of the week. The shared currency didn’t capitalise on the hawkish forward guidance by the European Central Bank (ECB), as Bloomberg, citing sources, revealed that officials are ready to raise rates in September.
Euro gains as ECB hawkishness offsets BoJ intervention cautionDigging into ECB President Christine Lagarde’s press conference, she said that inflation risks are tilted to the upside and growth to the downside, but stated that the central bank would set monetary policy to ensure that inflation returns to the 2% goal in the medium term. She added that they would remain data-dependent and would not pre-commit to an interest rate path.
Meanwhile, the Japanese Yen weakened less than expected against the Euro as investors remain wary that the Bank of Japan (BoJ) might intervene in the foreign exchange markets to push its local currency.
On Friday, EUR/JPY traders will be watching the release of Japanese inflation data. The National CPI excluding Fresh Food is expected to rise from 1.4% to 1.6% YoY. Also, traders would be looking for updates on Jibun Bank Flash PMIs, with the manufacturing activity index measure expected to ease from 54.8 to 54.5.
In the Eurozone, traders will also digest HCOB Flash PMIs for Germany, France, and the European Union (EU). The EU’s HCOB Manufacturing PMI is expected to drop from 51.4 to 51.3, while the Services PMI is expected to improve, but will remain in contractionary territory, from 49.4 to 49.8.
EUR/JPY Price Forecast: Technical outlook
The EUR/JPY daily chart shows that momentum is tilted to the upside, further confirmed by a rising Relative Strength Index (RSI). Additionally, a trendline break since last week shifted the market structure from sideways trading to an uptrend, as prices drift higher at a modest pace.
For a bullish continuation, the EUR/JPY needs to clear the April 30, high at 187.56, before buyers can eye 187.95, the year-to-date (YTD) high. Above lies the psychological 188.00 and 190.00 levels.
On the downside, sellers could trigger a break of the market structure, but first they need to clear Thursday’s low of the day (LOD) at 186.05. Once done, they could test the confluence of the 50 and 100-day SMAs at 185.16/02, before targeting the 200-day SMA at 183.44.
EUR/JPY Price Chart – Daily
EUR/JPY daily chart Japanese Yen Price This week The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies this week. Japanese Yen was the strongest against the Swiss Franc.
USDEURGBPJPYCADAUDNZDCHFUSD0.43%1.03%0.92%0.48%-0.03%1.08%1.01%EUR-0.43%0.61%0.43%0.07%-0.43%0.65%0.58%GBP-1.03%-0.61%-0.17%-0.54%-1.03%0.03%0.02%JPY-0.92%-0.43%0.17%-0.36%-0.90%0.11%0.20%CAD-0.48%-0.07%0.54%0.36%-0.47%0.46%0.58%AUD0.03%0.43%1.03%0.90%0.47%1.11%1.07%NZD-1.08%-0.65%-0.03%-0.11%-0.46%-1.11%-0.02%CHF-1.01%-0.58%-0.02%-0.20%-0.58%-1.07%0.02% 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 Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)/USD (quote).
The Euro (EUR) is giving away previous gains against the Japanese Yen (JPY) on Thursday, as investors position for the European Central Bank's (ECB) monetary policy decision. The EUR/JPY pair, however, remains positive in daily charts, trading at the highest levels in nearly three months, with dips contained above previous highs at the 186.30 area.
Markets are focusing on the ECB's monetary policy decision, due later on the day. The bank is widely expected to leave its benchmark Rate on Deposit Facility at the current 2.25%, and leave the door open for further monetary tightening, as the recent rally in Oil prices points to higher inflationary pressures in the near-term.
The Yen, on the other hand, remains broadly offered with the wide divergence between the Bank of Japan and the rest of the major central banks’ monetary policies acting as headwinds for JPY rallies. Bloomberg reported on Wednesday that the BoJ is ready to accelerate its monetary normalisation cycle, although investors have remained sceptical.
Technical Analysis: Correcting lower from overbought levels
EUR/JPY trades at 186.44 with the bullish bias intact as the pair corrects lower after reaching overbought territory. The 4-hour Relative Strength Index (14) at 65 sits within bullish levels, while the Moving Average Convergence Divergence (MACD) indicator remains slightly positive, hinting that upside momentum is still constructive.
Bearish attempts remain contained at the mid-June highs in the 186.30 area, closing the path towards last week's highs at the 186.00 area and Tuesday's lows at 185.78. On the topside, initial resistance appears at the intraday highs of 186.65, which is also the 161.8% Fibonacci extension of the June 21-22 rally. Further up, the area between the 261.8% Fibonacci extension of the mentioned cycle at 187.44 and the April 30 high, at 187.55, emerges as the next target.
(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 New Zealand Dollar.
USDEURGBPJPYCADAUDNZDCHFUSD-0.00%0.02%0.13%-0.05%-0.03%0.31%0.04%EUR0.00%0.03%0.15%-0.05%-0.02%0.36%0.04%GBP-0.02%-0.03%0.11%-0.09%-0.06%0.32%0.01%JPY-0.13%-0.15%-0.11%-0.20%-0.17%0.17%-0.11%CAD0.05%0.05%0.09%0.20%0.02%0.37%0.08%AUD0.03%0.02%0.06%0.17%-0.02%0.37%0.09%NZD-0.31%-0.36%-0.32%-0.17%-0.37%-0.37%-0.30%CHF-0.04%-0.04%-0.01%0.11%-0.08%-0.09%0.30% 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).
EUR/JPY extends its gains for the third successive day, trading around 186.40 during the Asian hours on Thursday. The currency cross is keeping a bullish near-term bias as it holds above both the nine-day and 50-day Exponential Moving Averages (EMAs). The short-term EMA trading over the longer one reinforces an upward structure.
The 14-day Relative Strength Index (RSI) at 59.46 stays in positive territory without yet signaling overbought conditions, hinting that buyers still retain control but face nearby upside constraints.
The daily chart technical analysis shows the currency cross is positioned above the upper boundary of an ascending triangle, suggesting a bullish breakout. Further advances would support the currency cross to navigate the region around the all-time high of 187.95, which was recorded on April 17.
On the downside, a return within the triangle would expose the initial support at the nine-day EMA of 185.81, with additional backing at the 50-day EMA of 185.23 and the lower boundary of the ascending triangle near 185.20.
Further declines below the triangle pattern would undermine the bullish setup and put downward pressure on the EUR/JPY cross to navigate the region around the five-month low of 181.87, recorded on March 16, and the seven-month low of 180.81.
EUR/JPY: Daily Chart(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 US Dollar.
USDEURGBPJPYCADAUDNZDCHFUSD-0.18%-0.10%-0.07%-0.17%-0.30%-0.05%-0.14%EUR0.18%0.09%0.13%0.00%-0.12%0.15%0.03%GBP0.10%-0.09%0.04%-0.10%-0.21%0.06%-0.05%JPY0.07%-0.13%-0.04%-0.12%-0.25%-0.00%-0.10%CAD0.17%-0.00%0.10%0.12%-0.14%0.13%0.01%AUD0.30%0.12%0.21%0.25%0.14%0.27%0.18%NZD0.05%-0.15%-0.06%0.00%-0.13%-0.27%-0.12%CHF0.14%-0.03%0.05%0.10%-0.01%-0.18%0.12% 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).
EUR/JPY extends its gains for the second successive day, trading around 186.20 during the Asian hours on Wednesday. The currency cross is retaining a bullish near-term bias as it holds above both the nine-period and 50-period Exponential Moving Averages (EMAs).
The 14-day Relative Strength Index (RSI) at 57.48 suggests constructive but not overbought momentum, reinforcing the scope for further gains as long as price stays above the nearby EMA band.
The daily chart technical analysis shows the currency cross is testing the upper boundary of the ascending triangle around 186.20, suggesting growing bullish momentum and a potential breakout to the upside. A decisive break above the triangle could trigger a powerful bullish continuation, which could expose the all-time high of 187.95, which was recorded on April 17.
On the downside, primary support sits at the nine-day EMA of 185.66, with additional backing at the 50-day EMA of 185.18 and the lower edge of the ascending triangle near 185.10. A sustained break below the triangle pattern would undermine the bullish setup, exposing the EUR/JPY cross to deeper downside toward the five-month low of 181.87, recorded on March 16, and the seven-month low of 180.81.
(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.
USDEURGBPJPYCADAUDNZDCHFUSD-0.07%-0.07%-0.03%-0.02%-0.05%-0.06%-0.00%EUR0.07%0.00%0.07%0.05%0.00%0.03%0.07%GBP0.07%-0.01%0.04%0.05%-0.00%0.01%0.06%JPY0.03%-0.07%-0.04%0.00%-0.02%-0.04%0.03%CAD0.02%-0.05%-0.05%-0.01%-0.03%0.02%0.02%AUD0.05%-0.01%0.00%0.02%0.03%0.02%0.05%NZD0.06%-0.03%-0.01%0.04%-0.02%-0.02%0.03%CHF0.00%-0.07%-0.06%-0.03%-0.02%-0.05%-0.03% 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).
EUR/JPY edges higher after three days of losses, trading around 185.50 during the Asian hours on Tuesday. The currency cross is holding above both the nine-day and 50-day Exponential Moving Averages (EMAs), which reinforces a mildly bullish near-term bias.
The EUR/JPY cross is pressing into the upper end of its recent range while the 14-day Relative Strength Index (RSI) around 53 suggests constructive but not overstretched momentum. The daily chart technical analysis shows the currency cross is remaining within the ascending triangle, signalling aggressive buying pressure.
The EUR/JPY cross may find the initial resistance at the triangle’s upper boundary around 186.10. A decisive break above the triangle could trigger a powerful bullish continuation, which could expose the all-time high of 187.95, which was recorded on April 17.
On the downside, immediate support sits at the nine-day EMA of 185.46, with additional backing at the 50-day EMA of 185.12 and the lower edge of the ascending triangle near 185.00. A breakdown below the triangle pattern would undermine the bullish setup, exposing the EUR/JPY cross to deeper downside toward the March 16 five-month low of 181.87 and the seven-month low of 180.81.
EUR/JPY: Daily Chart(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.
USDEURGBPJPYCADAUDNZDCHFUSD-0.04%-0.08%0.00%-0.01%-0.16%-0.41%0.00%EUR0.04%-0.04%0.06%0.03%-0.10%-0.37%0.04%GBP0.08%0.04%0.11%0.08%-0.05%-0.33%0.09%JPY0.00%-0.06%-0.11%-0.01%-0.15%-0.43%0.00%CAD0.00%-0.03%-0.08%0.01%-0.14%-0.40%0.01%AUD0.16%0.10%0.05%0.15%0.14%-0.27%0.14%NZD0.41%0.37%0.33%0.43%0.40%0.27%0.41%CHF-0.01%-0.04%-0.09%-0.00%-0.01%-0.14%-0.41% 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).
EUR/JPY remains subdued for the third consecutive day, trading around 185.80 during the Asian hours on Monday. The currency cross is holding a constructive bullish bias as it stays above both the nine-day and 50-day Exponential Moving Averages (EMAs), now aligned as nearby dynamic support.
The 14-day Relative Strength Index (RSI) at 55.33 leans to the upside without signalling overbought conditions, suggesting bullish momentum is present but not yet overstretched while price consolidates just under the recent highs.
The daily chart technical analysis shows the EUR/JPY cross is remaining within the ascending triangle, at the top near 186.10. This flat ceiling, combined with shallower dips, signals aggressive buying pressure. A decisive break above the triangle could trigger a powerful bullish continuation, which could expose the all-time high of 187.95, which was recorded on April 17.
On the downside, primary support lies at the nine-day EMA at 185.50, followed by the 50-day EMA at 185.12 and the ascending triangle’s lower boundary around 185.00. A break below the triangle would weaken the bullish bias and put downward pressure on the EUR/JPY cross to navigate the region around the five-month low of 181.87, recorded on March 16, and the seven-month low of 180.81.
EUR/JPY: Daily Chart(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 weakest against the New Zealand Dollar.
USDEURGBPJPYCADAUDNZDCHFUSD-0.01%-0.07%-0.02%-0.09%-0.15%-0.24%0.02%EUR0.01%-0.02%0.00%-0.08%-0.13%-0.25%0.03%GBP0.07%0.02%0.02%-0.06%-0.11%-0.21%0.04%JPY0.02%0.00%-0.02%-0.06%-0.13%-0.19%0.03%CAD0.09%0.08%0.06%0.06%-0.06%-0.12%0.09%AUD0.15%0.13%0.11%0.13%0.06%-0.08%0.18%NZD0.24%0.25%0.21%0.19%0.12%0.08%0.22%CHF-0.02%-0.03%-0.04%-0.03%-0.09%-0.18%-0.22% 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).
EUR/JPY extends its losses for the second consecutive day, trading around 185.70 during the Asian hours on Friday. The currency cross is holding above both the nine-period and 50-period Exponential Moving Averages (EMAs), which reinforces a constructive near-term bias. The 14-day Relative Strength Index (RSI) sits at 55.17, neutral-to-positive territory, suggesting steady bullish momentum rather than an overstretched rally.
The daily chart technical analysis shows the EUR/JPY cross is pressing against ascending triangle resistance near 186.00. This flat ceiling, combined with shallower dips, signals aggressive buying pressure. Because bulls are consistently absorbing the supply at this level, momentum is heavily building for an imminent upside breakout. A decisive daily close above this upper boundary typically triggers a powerful bullish continuation, which could expose the all-time high of 187.95, which was recorded on April 17.
On the downside, primary support lies at the nine-day EMA at 185.42, followed by the 50-day EMA at 185.09. Further declines would put downward pressure on the EUR/JPY cross to test the ascending triangle’s lower boundary around 184.80. A break below the triangle would expose the four-month low of 181.87, recorded on March 16, and the six-month low of 180.81.
EUR/JPY: Daily Chart(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 weakest against the Canadian Dollar.
USDEURGBPJPYCADAUDNZDCHFUSD0.02%0.06%0.00%-0.04%0.12%0.04%0.00%EUR-0.02%0.06%-0.04%-0.09%0.13%0.03%-0.02%GBP-0.06%-0.06%-0.09%-0.14%0.06%-0.02%-0.08%JPY0.00%0.04%0.09%-0.03%0.15%0.04%0.01%CAD0.04%0.09%0.14%0.03%0.19%0.09%0.05%AUD-0.12%-0.13%-0.06%-0.15%-0.19%-0.11%-0.14%NZD-0.04%-0.03%0.02%-0.04%-0.09%0.11%-0.04%CHF-0.00%0.02%0.08%-0.01%-0.05%0.14%0.04% 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).
HomeTechnical AnalysisIntraday Analysis 16.07.2026 Dow waiting for direction
Intraday analysis covering USDCHF(the franc) , EURJPY , and US30 , highlighting recent price movements, key technical levels, and short-term momentum shifts across major markets.
USDCHF(the franc) remains indecisive
The Dollar found more resistance as price action attempts to recover from yesterday’s slump.
After a slight progression, a sharp turnaround saw sellers step back into the frame. Bulls will need to remain above 0.8060 before a recovery can materialise towards 0.8150. 0.8060 is fresh support, and its breach would invalidate any rebound and send the pair to a new low around 0.8000.
EURJPY hits another top
The Euro looks set to continue the rally after adding over 100 pips since the beginning of the week.
Bulls have doubled down after reaching the previous peak of 185.10, resuming the uptrend with 186.00 as the next milestone ahead. The RSI’s new top in the overbought zone could lead to a temporary pullback, and 185.10 is the first support level if sellers enter the market. 184.50 at the base of the recent bounce would be a crucial level to maintain the momentum. US 30 stuck in consolidation
The Dow Jones maintains its sideways stance, with price action remaining undecided.
The index is pulling back from its recent peak just below 52800 and is now testing 52500, with the RSI dropping back into the neutral area. A bearish breakout would force leveraged long positions to liquidate and lead to a correction towards 51800 at the base of the recent bottom. However, sentiment generally remains upbeat, and bulls would be looking for a stable entry point. A close back above 5300 could put the index back on track for a test at 53400.
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EUR/JPY depreciates after three days of gains, trading around 185.90 during the Asian hours on Thursday. The currency cross is retaining a constructive bullish bias as it holds above both the nine-period and 50-period Exponential Moving Averages (EMAs). The 14-day Relative Strength Index (RSI) around 56 suggests positive but not overextended momentum, hinting that buyers still control the near-term tone.
The daily chart technical analysis shows the EUR/JPY cross positioning near the upper boundary of an ascending triangle around 186.10, suggesting that price crowding right against that flat ceiling indicates that buyers are aggressively absorbing all selling pressure at that level. This positioning shows immense bullish pressure. Since the dips are getting shallower, staying near the top suggests a breakout above resistance is likely building up.
A decisive daily close above this upper boundary typically triggers a powerful bullish continuation, which could expose the all-time high of 187.95, which was recorded on April 17.
On the downside, primary support lies at the nine-day EMA at 185.35, followed by the 50-day EMA at 185.05. Further declines would put downward pressure on the EUR/JPY cross to test the ascending triangle’s lower boundary around 184.70. A break below the triangle would expose the four-month low of 181.87, recorded on March 16, and the six-month low of 180.81.
EUR/JPY: Daily Chart(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 weakest against the Japanese Yen.
USDEURGBPJPYCADAUDNZDCHFUSD0.00%0.12%-0.05%0.08%0.09%0.12%0.11%EUR-0.00%0.11%-0.04%0.08%0.19%0.13%0.10%GBP-0.12%-0.11%-0.15%-0.02%0.06%0.02%0.00%JPY0.05%0.04%0.15%0.09%0.20%0.16%0.15%CAD-0.08%-0.08%0.02%-0.09%0.10%0.07%0.05%AUD-0.09%-0.19%-0.06%-0.20%-0.10%-0.01%-0.05%NZD-0.12%-0.13%-0.02%-0.16%-0.07%0.01%-0.03%CHF-0.11%-0.10%-0.01%-0.15%-0.05%0.05%0.03% 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).
EUR/JPY extends its gains for the third successive day, trading around 185.40 during the Asian hours on Wednesday. The currency cross is retaining a mildly bullish tone as it holds above both the nine-period and 50-period Exponential Moving Averages (EMAs). The currency cross is comfortably supported by these near-term averages, while the 14-day Relative Strength Index (RSI) around 53 suggests steady but not overstretched upside momentum, hinting that buyers remain in control without pushing the cross into overbought territory.
The daily chart technical analysis shows the EUR/JPY cross is positioned near the upper boundary of the symmetrical triangle around 185.60, signaling a potential bullish emergence. It shows that buyers are aggressively pushing the price up, testing a breakout. A decisive close above this line confirms the breakout, typically triggering a sharp rally toward the all-time high of 187.95, which was recorded on April 17.
On the downside, primary support lies at the nine-day EMA at 185.12, followed by the 50-day EMA at 185.00. Further declines would put downward pressure on the EUR/JPY cross to test the symmetrical triangle’s lower boundary around 183.80. A break below the triangle would expose the four-month low of 181.87, recorded on March 16, and the six-month low of 180.81.
EUR/JPY: Daily Chart(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 US Dollar.
USDEURGBPJPYCADAUDNZDCHFUSD-0.18%-0.07%-0.10%-0.11%-0.20%-0.08%-0.05%EUR0.18%0.05%0.07%0.04%-0.08%0.04%0.12%GBP0.07%-0.05%0.02%-0.02%-0.13%-0.01%0.07%JPY0.10%-0.07%-0.02%-0.03%-0.11%0.00%0.04%CAD0.11%-0.04%0.02%0.03%-0.08%-0.01%0.09%AUD0.20%0.08%0.13%0.11%0.08%0.09%0.15%NZD0.08%-0.04%0.01%-0.00%0.01%-0.09%0.08%CHF0.05%-0.12%-0.07%-0.04%-0.09%-0.15%-0.08% 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).
The EUR/JPY cross trades in positive territory around 184.90 during the early European trading hours on Tuesday. The Japanese Yen (JPY) edges lower against the Euro (EUR) after reports that Japanese officials had no imminent plans to change the asset allocations of their state pension funds, tempering expectations of near-term support for domestic assets.
Japan’s Finance Minister Satsuki Katayama said on Tuesday that the government may consider a pension asset allocation tweak if the environment changes. Traders remain on alert for possible intervention from Japanese authorities.
Technical Analysis:In the daily chart, EUR/JPY holds above the 100-day Simple Moving Average (SMA) and the Bollinger Bands’ 20-period middle line, which together underpin a modest bullish bias. Price is also well above the lower Bollinger band, while the upper band at 185.89 caps the immediate topside. The Relative Strength Index (RSI) at 49.62 sits close to neutral, hinting at a consolidative tone with a slight upward tilt rather than strong directional momentum.
On the topside, initial resistance emerges at the upper Bollinger band around 185.90, where a clear break would open the way for the June 17 high of 186.32, en route to the April 29 high of 187.42.
On the downside, nearby support is seen at the 100-day SMA at 184.85, followed by the Bollinger middle band at 184.75, with the lower band down at 183.65 acting as a more distant structural floor should corrective pressure deepen.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Japanese Yen FAQs The Japanese Yen (JPY) is one of the world’s most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan’s policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors.
One of the Bank of Japan’s mandates is currency control, so its moves are key for the Yen. The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners. The BoJ ultra-loose monetary policy between 2013 and 2024 caused the Yen to depreciate against its main currency peers due to an increasing policy divergence between the Bank of Japan and other main central banks. More recently, the gradually unwinding of this ultra-loose policy has given some support to the Yen.
Over the last decade, the BoJ’s stance of sticking to ultra-loose monetary policy has led to a widening policy divergence with other central banks, particularly with the US Federal Reserve. This supported a widening of the differential between the 10-year US and Japanese bonds, which favored the US Dollar against the Japanese Yen. The BoJ decision in 2024 to gradually abandon the ultra-loose policy, coupled with interest-rate cuts in other major central banks, is narrowing this differential.
The Japanese Yen is often seen as a safe-haven investment. This means that in times of market stress, investors are more likely to put their money in the Japanese currency due to its supposed reliability and stability. Turbulent times are likely to strengthen the Yen’s value against other currencies seen as more risky to invest in.
The EUR/JPY cross trades in positive territory around 184.65 during the Asian trading hours on Monday. However, the potential upside for the cross might be limited as heightened geopolitical tensions in the Middle East could boost a safe-haven currency.
Furthermore, speculation over domestic asset shifts could underpin the Japanese Yen (JPY) against the Euro (EUR). Japan’s Finance Minister Satsuki Katayama said on Friday that the government is pursuing measures that would include the Government Pension Investment Fund (GPIF) to make "substantially greater investments in Japanese financial assets. Analysts said this move could offer greater support to the battered currency than intervention.
Technical Analysis:In the daily chart, EUR/JPY keeps a mildly bearish near-term tone as spot holds beneath the 100-day Simple Moving Average (SMA) and the Bollinger Bands’ 20-day middle line. The pair is drifting in the lower half of the recent volatility envelope, with the lower Bollinger band acting as the next downside reference, while the Relative Strength Index (RSI) at 47.6 hovers just under the neutral 50 line, hinting at subdued, consolidative downside pressure rather than a strong trend.
On the topside, initial resistance emerges in the 184.80-184.85 zone, representing the Bollinger 20-day middle band and the 100-day SMA. A daily close above this clustered band would be needed to ease the current downside bias and expose the upper Bollinger band near 186.12. On the downside, the first notable support is the lower Bollinger band at 183.53, where buyers could attempt to slow the decline; a break below this level would reinforce the bearish bias and open the door to a deeper corrective slide.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Japanese Yen FAQs The Japanese Yen (JPY) is one of the world’s most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan’s policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors.
One of the Bank of Japan’s mandates is currency control, so its moves are key for the Yen. The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners. The BoJ ultra-loose monetary policy between 2013 and 2024 caused the Yen to depreciate against its main currency peers due to an increasing policy divergence between the Bank of Japan and other main central banks. More recently, the gradually unwinding of this ultra-loose policy has given some support to the Yen.
Over the last decade, the BoJ’s stance of sticking to ultra-loose monetary policy has led to a widening policy divergence with other central banks, particularly with the US Federal Reserve. This supported a widening of the differential between the 10-year US and Japanese bonds, which favored the US Dollar against the Japanese Yen. The BoJ decision in 2024 to gradually abandon the ultra-loose policy, coupled with interest-rate cuts in other major central banks, is narrowing this differential.
The Japanese Yen is often seen as a safe-haven investment. This means that in times of market stress, investors are more likely to put their money in the Japanese currency due to its supposed reliability and stability. Turbulent times are likely to strengthen the Yen’s value against other currencies seen as more risky to invest in.
Key Points:Rising producer prices, import costs and bond yields keep another BOJ rate hike in focus.USDJPY remains bullish above 160.30, with a break above 163.70 opening the door toward 175.GBPJPY may target 220, while EURJPY could extend toward 190.50 if key support levels hold.
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The interest rate outlook for Japan remains uncertain as inflationary pressure continues to build. The producer prices are rising, import costs remain high and government bond yields have moved to multi-decade highs. These trends support the case for another Bank of Japan (BOJ) rate hike later this year. But the BOJ may still wait for stronger wage growth and increase in consumer inflation. This leaves the yen sensitive to policy signals, while USDJPY, GBPJPY and EURJPY remain technically strong.
BOJ Rate Hike Outlook Strengthens as Japan Inflation Rises Japan’s producer price index (PPI) increased by 7.1% YoY in June. This beat the market expectation of 6.8% and exceeded the upwardly revised 6.6% gain in May. The increase indicates that businesses are passing their increased input costs to customers faster than in the past. The trend could increase the consumer inflation and lead the BOJ to tighten again.
According to the data, the fuel prices increased by 22.8% while non-ferrous metal prices jumped by 39.2%. Energy prices were pushed up by the Middle East conflict while the AI material demand has lifted the metal prices. These pressures may remain high if tensions continue and supply conditions remain tight. This suggests that the BOJ may hike the interest rate in October.
A low yen is putting on a new layer of inflation. The import prices continued to rise as weak yen and higher energy costs raised the cost of imported goods. The chart below shows that Japan’s imports increased 12.5% to JPY 9,890.2 billion in May 2026. Now the BOJ must decide whether the higher import prices will spread into wages and consumer prices or remain at the wholesale level.
Japan Bond Yields Hit Multi-Decade Highs on Inflation Fears Japanese government bond yields are also pointing toward a higher interest rate environment. The 10-year JGB bond yield rose to a 2.90%, the highest rate since September 1996. It rose during nine consecutive sessions since 26 June, in response to rising oil prices, higher inflation and concerns about Japan’s fiscal health.
The strong drop in yields on Friday does not change the bullish trend. Rising yields suggest that the bond investors want greater compensation for the long term inflation risks.
The long term bond yields have increased with bigger momentum. The 20-year yield rose to 3.89%, while the 30-year yield reached 4.03%. The 40-year yield advanced to 4.055%. These moves indicate that investors are worried about the big government spending plans and that the policy may stay too loose and inflation will continue to rise.
But the shorter end of the yield curve is sending a more cautious signal. The 2-year yield reached to 1.445% and the 5-year yield reached to 1.99%. The yield gap between the 10-year and 2-year yields has increased significantly as seen in the chart below.
The steepening reflects a greater sense of inflation risk in the long end, and less confidence that the BOJ will hike soon. This suggests that BOJ may wait for stronger consumer prices and wages to increase its policy rate from 1% to 1.25%.
USDJPY Forecast: BOJ Rate Hike Risk Challenges Dollar Strength US–Japan Yield Gap Narrows as Japanese Yields Rise The interest rate outlook creates mixed environment for USDJPY. The yen should find support with higher Japanese yields and the prospect of another BOJ rate hike. A more hawkish BOJ could reduce the yield gap between Japan and the U.S. This would detract from any yen funded carry trades and may potentially lead to a lower USDJPY.
The chart below shows that the Japanese yields have increased much faster since 2022. But the U.S. yields have remained relatively high. As a result, the yield gap between the two countries has narrowed. This trend reduces the interest rate advantage of holding dollars over the yen. This may provide support for the Japanese currency. But the U.S. yields remain higher so the dollar still retains an important yield advantage.
But the low yen value still plays a crucial role in Japan’s inflation issues. As energy import prices go up, the demand for foreign currencies and the pressure on the yen increase. This might keep USDJPY high until the BOJ gives more clear indication of what it will do next. Any delay of the next rate hike would be positive for USDJPY while guidance of an October increase could trigger an import yen recovery.
USDJPY Break Above 163.70 Opens the Door to 175 From technical perspective, USDJPY is consolidating at the pivotal area of 160 to 162. The price is compressing within this region before an upside breakout. A break above this zone would likely open the door for strong surge in USDJPY toward the 175 target. This target is defined by the ascending channel pattern that extends from the 2023 lows.
The consolidation around this important region is also visible on the short term 4-hour chart. It shows that the pair is now consolidating between 160.30 and 163.70. The range is widening and prices are compressing within an ascending broadening wedge pattern. A break above 163.70 would indicate a stronger rally in USDJPY toward 166. But 160.30 remains strong support in the short term. Any correction is considered a buying opportunity for traders to push the pair higher.
GBPJPY Forecast: 218 Breakout Opens the Door to 220 Higher Japan rate expectations may also put pressure on GBPJPY. The very large interest rate differential between the United Kingdom and Japan has been good for the pound. But this advantage may weaken if the BOJ hikes the rates again to 1.25%. The higher Japanese bond yields could encourage investors to reduce carry trades and move capital back to yen.
But the pair may still be supported if Bank of England maintains higher rates or takes a conservative approach to rate cuts. Thus, GBPJPY will be reliant on both central banks’ relative directionality. The most bearish risk would be a hawkish BOJ and a softer Bank of England outlook.
GBPJPY also shows strong positive price action. This positive price action is reflected in the formation of inverted head and shoulders pattern from January 2026 to April 2026.
This bullish consolidation pattern broke higher in April 2026. After the breakout, the pair continued to rally on the strength of the pound and the weakness of the Japanese yen. The pair has already broken 216.30 and is now dropping back toward support to attract buyers. The 215.60 to 216.30 area remains strong support. A break above the 218 level would likely push the pair to further highs.
EURJPY Forecast: Bullish Trend Targets 190.50 Eurozone rate expectations are not that aggressive. Therefore, EURJPY could be more responsive to BOJ communication. If the European Central Bank pivots towards easier policy ahead of the BOJ’s next rate increase, the interest rate spread between Europe and Japan will narrow. This would provide support for the yen and increase the risk of a drop in EURJPY.
The outlook also depends on the global risk sentiments. The escalation in the conflict in the Middle East would drive up energy costs for Japan and Europe. But imported fuel needs could exert pressure on the yen in the near term for Japan. The EURJPY could hold steady ahead of the BOJ. But a clear sign that the bank will hike rates in October or at year’s end could generate a deeper pullback.
EURJPY also remains strong and is consolidating within rising trend lines. The immediate support remains at 183.50. The pair is also supported by the 200-day SMA at 182.80. If EURJPY continues higher, the immediate target remains 190.50. As long as the 180 level holds in EURJPY, the next move in the pair will likely be higher. The 50-day and 200-day SMAs are rising which indicates that any correction may attract new buyers.
Final Words The interest rate outlook in Japan remains tilted towards further tightening. The producer prices are high, import costs are increasing and bond yields are rising. These factors suggest another BOJ rate hike. But the central bank might still wait for the clear signals from wages and consumer inflation. A rate hike from 1% to 1.25% could be on the cards later this year if energy prices remain elevated and the yen remains weak.
If BOJ hints at a rate hike in October or at the end of the year, the yen could get some support. But the technical picture of USDJPY, GBPJPY and EURJPY remains bullish. A break above 163.70 in USDJPY would open the door for a rally to 175. GBPJPY might push higher towards 220 and EURJPY could head to 190.50.
Read more: Weak Jobs Data Hits Fed Hike Odds as Dollar Tests Support
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EUR/JPY pares steadies after registering modest gains in the previous day, trading around 185.60 during the Asian hours on Thursday. The currency cross is maintaining a constructive bullish bias as spot holds above the moving averages, with a nine-day Exponential Moving Average (EMA) moving above a 50-day EMA, suggesting a bullish shift in momentum.
The EUR/JPY cross also sits over the session Volume-Weighted Average Price (VWAP), while the 14-day Relative Strength Index (RSI) near 55 suggests positive but not overstretched momentum, hinting that buyers retain control as long as these supports are defended.
Daily chart technical analysis shows the EUR/JPY cross is positioned on the upper boundary of the symmetrical triangle around 185.60, signaling an imminent bullish breakout. It shows that buyers are aggressively pushing the price up, testing a breakout. A decisive close above this line confirms the breakout, typically triggering a sharp rally toward the all-time high of 187.95, which was recorded on April 17.
On the downside, primary support lies at the VWAP at 185.28, followed by the nine-day EMA at 185.13 and the 50-day EMA at 184.99. Further declines would put downward pressure on the EUR/JPY cross to test the symmetrical triangle’s lower boundary around 183.70. A break below the triangle would expose the four-month low of 181.87, recorded on March 16, and the six-month low of 180.81.
EUR/JPY: Daily Chart(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 US Dollar.
USDEURGBPJPYCADAUDNZDCHFUSD-0.08%-0.05%-0.08%-0.07%-0.04%-0.40%-0.14%EUR0.08%0.03%-0.02%0.01%0.06%-0.29%-0.05%GBP0.05%-0.03%-0.04%-0.02%0.03%-0.32%-0.08%JPY0.08%0.02%0.04%0.00%0.08%-0.30%-0.04%CAD0.07%-0.01%0.02%-0.00%0.06%-0.30%-0.06%AUD0.04%-0.06%-0.03%-0.08%-0.06%-0.35%-0.11%NZD0.40%0.29%0.32%0.30%0.30%0.35%0.24%CHF0.14%0.05%0.08%0.04%0.06%0.11%-0.24% 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).
EUR/JPY pares its recent losses from the previous day, trading around 185.30 during the Asian hours on Wednesday. The currency cross is retaining a mildly bullish bias as it holds above the Volume-weighted Average Price (VWAP) and a cluster of Exponential Moving Averages (EMAs), with the 50-day EMA acting as nearby trend support.
The 14-day Relative Strength Index (RSI) at 52.81 sits just above its midline, hinting at steady, rather than aggressive, upside momentum while price remains supported by these underlying levels.
Daily chart technical analysis shows the EUR/JPY cross consolidating within a symmetrical triangle pattern, signaling that both buyers and sellers are growing increasingly aggressive as they compress the price into a narrowing range. This tight consolidation reflects a temporary balance of power, with neither side establishing clear control over the market's direction just yet.
The initial barrier lies at the upper boundary of the symmetrical triangle around 185.80. A break above the triangle would cause the bullish emergence and expose the all-time high of 187.95, which was recorded on April 17.
On the downside, primary support lies at the VWAP at 185.20, followed by the 50-day EMA at 184.95 and the nine-day EMA at 184.93. Further declines would put downward pressure on the EUR/JPY cross to test the symmetrical triangle’s lower boundary around 183.70. A break below the triangle would expose the four-month low of 181.87, recorded on March 16, and the six-month low of 180.81.
EUR/JPY: Daily Chart(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.
USDEURGBPJPYCADAUDNZDCHFUSD-0.02%0.02%0.15%-0.03%-0.22%-0.49%0.01%EUR0.02%0.05%0.19%-0.01%-0.19%-0.47%0.04%GBP-0.02%-0.05%0.13%-0.05%-0.25%-0.51%-0.03%JPY-0.15%-0.19%-0.13%-0.18%-0.35%-0.64%-0.15%CAD0.03%0.00%0.05%0.18%-0.18%-0.47%0.03%AUD0.22%0.19%0.25%0.35%0.18%-0.28%0.19%NZD0.49%0.47%0.51%0.64%0.47%0.28%0.49%CHF-0.01%-0.04%0.03%0.15%-0.03%-0.19%-0.49% 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).
HomeTechnical AnalysisIntraday Analysis 07.07.2026 Dax sets a new record
Intraday analysis covering USDCHF , EURJPY , and GER40(The DAX) , highlighting recent price movements, key technical levels, and short-term momentum shifts across major markets.
USDCHF finds support
The dollar strengthened across the board as risk appetite remained volatile.
The pair has seen price action slide in recent sessions before finding support. A move below 0.8020 would keep bears in the game by prompting buyers to reconsider after the bearish downturn for most of last week. 0.8130 is a fresh target ahead and could then lead towards a new high at 0.8180. EURJPY hits resistance
The euro remains precarious after jumping over 100 pips, as sentiment remains upbeat, with the price grinding the mid-185.00 region.
The pair will need to clear 185.65 to maintain the current momentum towards 186.00. Buyers will be worried if the overall sentiment turns bearish, should there be a heavy rejection. On the downside, 185.00 and then 184.20 need to be broken before sellers can realistically hope for a full reversal. GER40 hits another higher high
GER40(The DAX) remains bullish even though prices have hit a slight retracement.
A move away from the psychological level of 26000 has pushed the index into consolidation mode. After the RSI moved towards the neutral area, if the bearish momentum remains intact, a deeper retracement could send the price to 25500. On the upside, the recent peak above 25900 is a firm obstacle to keep the continuation going.
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