{
  "id": 18254291,
  "title": "EUR/JPY Price Forecast: Declines below 178.00, bearish outlook prevails under the 100-day SMA",
  "url": "https://urgent.news/2026/11/05/eur-jpy-price-forecast-declines-below-178-00-bearish-outlook-prevails",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-05T04:36:22.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/eur-jpy-price-forecast-declines-below-17800-bearish-outlook-prevails-under-the-100-day-sma-202611050436"
  },
  "original_language": "en",
  "account": "During the early European trading session on Thursday, the EUR/JPY currency pair found itself in negative territory, hovering around 177.90. The Japanese Yen (JPY) experienced a strengthening against the Euro (EUR) after the Bank of Japan (BoJ) released minutes from their September meeting. These minutes indicated that most policymakers supported further interest rate hikes, as underlying inflation was approaching the central bank's 2% target. Some members suggested the possibility of an accelerated pace in interest rate hikes due to various factors such as Middle East developments, increasing demand for Artificial Intelligence (AI), and foreign exchange (FX) movements. Meanwhile, the European Central Bank (ECB), with member Joachim Nagel, indicated a hawkish stance, anticipating a rate hike next month due to inflationary concerns. Standard Chartered analysts noted that the latest Eurostat release showed euro area headline inflation rising to 4.0% year-over-year in October, exceeding expectations. This indicated upside risks to the European Central Bank's September projection of 3.6% average inflation in Q4. The combination of weakening growth momentum in the Eurozone and rising inflation created a growing policy dilemma for the ECB, potentially leading to another 25 basis points increase at the December meeting. The technical analysis showed that EUR/JPY was in a corrective phase, trading below the 100-day Simple Moving Average and holding below the 20-day Bollinger SMA support. Immediate support was provided by the mid-band at 176.90, followed by the November 2 low of 175.70. Traders should keep an eye on a potential break below this level, which could expose the lower limit of the Bollinger Band around 175.30.",
  "summary": "The EUR/JPY cross trades in negative territory around 177.90 during the early European session on Thursday. The Japanese Yen (JPY) strengthens against the Euro (EUR) after minutes of the Bank of Japan's (BoJ) September meeting reinforced expectations for further interest rate hikes.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}