{
  "id": 13058347,
  "title": "EUR/JPY Price Forecast: Tests 177.50 barrier near nine-day EMA",
  "url": "https://urgent.news/2026/10/09/eur-jpy-price-forecast-tests-177-50-barrier-near-nine-day-ema",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-09T04:12:18.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/eur-jpy-price-forecast-tests-17750-barrier-near-nine-day-ema-202610090412"
  },
  "original_language": "en",
  "account": "EUR/JPY gains momentum for a second day, trading near 177.40 in Asian trading on Friday. Technical indicators point to a bearish outlook, with the currency pair trading below both the nine- and 50-period EMAs. The short-term EMA remains beneath the longer one, indicating potential cap on rebounds by higher supply. The 14-day RSI sits at 35.8, near oversold levels, suggesting continued but moderating downside risk rather than an imminent bullish shift. EUR/JPY may find short-term support around 176.20, followed by an 11-month low of 175.70 hit in November 2025. Should prices dip further, they could confront a 14-month trough of 169.72. Conversely, the pair could test the nine-day EMA at 177.76 and the 50-day EMA at 180.77 on the upside. A move above these EMAs would bolster the bullish case, propelling EUR/JPY toward the upper descending channel around 184.00, and potentially the April 17 all-time high of 187.95. ECB's Bindu Moulin's speech rating is neutral at 6.2/10, indicating a lack of significant change in the ECB's policy stance. The focus on inflation being primarily driven by energy prices and the absence of second-round effects lean slightly dovish, implying limited pressure for aggressive rate hikes. However, the warning of a potential financial shock due to geopolitical tensions introduces a cautious note that softens the dovish sentiment. Moulin's perspective on resilient Eurozone growth supports a patient ECB, suggesting a balanced bias that is unlikely to significantly alter Euro expectations in the near term.",
  "summary": "EUR/JPY gains ground for the second consecutive day, trading around 177.40 during Asian hours on Friday. Technical analysis of the daily chart shows that the currency cross is moving downward within the descending channel pattern, suggesting a persistent bearish bias.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "GBP/JPY Price Forecast: Struggles at 209.00 as bearish-engulfing looms",
        "url": "https://urgent.news/2026/10/08/gbp-jpy-price-forecast-struggles-at-209-00-as-bearish-engulfing-looms",
        "published": "2026-10-08T21:23:59.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}