{
  "id": 15556963,
  "title": "EUR/JPY Price Forecast: Hovers around 177.50 near nine-day EMA",
  "url": "https://urgent.news/2026/10/19/eur-jpy-price-forecast-hovers-around-177-50-near-nine-day-ema",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-19T03:58:28.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/eur-jpy-price-forecast-hovers-around-17750-near-nine-day-ema-202610190358"
  },
  "original_language": "en",
  "account": "EUR/JPY currency pair remains near 177.50 on Monday, trading within a descending channel pattern and holding below the 50-day Exponential Moving Average (EMA). Technical analysis indicates short-term consolidation while the 14-day Relative Strength Index (RSI) suggests subdued momentum. The pair could test the nine-day EMA of 177.40 and the lower boundary of its descending channel around 175.70, recorded in November 2025. Should selling pressure intensify and push EUR/JPY below this support zone, further declines may expose the 14-month low at 169.72. Conversely, the primary resistance lies at the 50-day EMA of 180.01. A move above this level would signal a bullish reversal, potentially driving EUR/JPY toward the upper boundary of the descending channel near 183.60 and even the all-time high of 187.95. Analysts at MUFG note a potential hawkish shift at the Bank of Japan, citing Board Member Junko Koeda's recent remarks as evidence of the central bank's readiness to continue policy normalization.",
  "summary": "EUR/JPY appreciates after opening at a bearish gap, remaining in negative territory and trading around 177.50 during Asian hours on Monday. Technical analysis of the daily chart shows the currency cross remains within a descending channel pattern, suggesting an ongoing bearish bias.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "AUD/JPY Price Forecast: Retakes 110.00 on upbeat China GDP; upside seems limited",
        "url": "https://urgent.news/2026/10/19/aud-jpy-price-forecast-retakes-110-00-on-upbeat-china-gdp-upside",
        "published": "2026-10-19T02:45:33.000Z"
      }
    ]
  },
  "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."
}