{
  "id": 14897571,
  "title": "EUR/JPY Price Forecast: Holds steady below 177.50, bearish technicals reinforce downside bias",
  "url": "https://urgent.news/2026/10/16/eur-jpy-price-forecast-holds-steady-below-177-50-bearish-technicals",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-16T04:56:47.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/eur-jpy-price-forecast-holds-steady-below-17750-bearish-technicals-reinforce-downside-bias-202610160456"
  },
  "original_language": "en",
  "account": "On Friday, the EUR/JPY currency pair traded flat around 177.30 during early European trading hours. Traders remain vigilant for potential Japanese Yen (JPY) intervention by authorities to support the Japanese currency. BoJ policymaker Junko Koeda noted that no excessive caution is required regarding rate hikes as upside inflation risks remain substantial. The BoJ is expected to adjust its policy rate appropriately while considering the neutral interest rate range. Meanwhile, analysts at Citi believe the European Central Bank (ECB) may pause interest rate hikes in the Eurozone after December, or earlier if financial stress spreads across the region. The ECB is projected to keep the deposit rate at 2.50% in October but raise it by 25 basis points (bps) in December, given inflation running nearly double its 2% target. Meanwhile, MUFG highlights that September saw significant buying of Japanese bonds by foreign investors, with a notable flow of JPY 3,091bn. MUFG also points to a JPY 1,360bn increase in foreign equity purchases of Japanese stocks, driven by expanded NISA limits introduced in January 2024. They argue that tax-free opportunities for holding JGBs could impact flows to foreign equity markets positively. The daily chart shows EUR/JPY maintaining a bearish near-term bias, trading beneath the 20-day Bollinger SMA and 100-day moving average. The Relative Strength Index (14) of 39 suggests subdued upside momentum, favoring further downside pressure unless resistance levels are reclaimed. A break below the lower limit of the Bollinger band at 175.65 could open the door for a significant drop toward the October 20, 2025 low of 175.34.",
  "summary": "The EUR/JPY cross trades on a flat note around 177.30 during the early European trading hours on Friday. Traders remain on high alert for currency intervention from Japanese authorities to prop up the Japanese Yen (JPY).",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Silver Price Forecast: XAG/USD rises above $57.50 amid safe-haven demand",
        "url": "https://urgent.news/2026/10/16/silver-price-forecast-xag-usd-rises-above-57-50-amid-safe-haven-demand",
        "published": "2026-10-16T03:09:37.000Z"
      }
    ]
  },
  "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."
}