{
  "id": 19597680,
  "title": "EUR/JPY Price Forecast: Slips below 177.00 near nine-day EMA",
  "url": "https://urgent.news/2026/11/12/eur-jpy-price-forecast-slips-below-177-00-near-nine-day-ema",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-12T03:51:20.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/eur-jpy-price-forecast-slips-below-17700-near-nine-day-ema-202611120351"
  },
  "original_language": "en",
  "account": "The EUR/JPY currency pair has slipped below 177.00 near the nine-day Exponential Moving Average (EMA) after two consecutive days of losses. Based on technical analysis of the daily chart, the pair appears to be within a descending channel pattern, indicating a bearish trend. At present, the EUR/JPY pair is trading under both the nine- and 50-period EMAs, suggesting ongoing downside risk. The 14-day Relative Strength Index (RSI) of 46 implies neutral-to-soft momentum rather than an oversold condition, allowing potential for further corrective pressure. Analysts at MUFG suggest that rising domestic demand is becoming a significant factor in the Japan Government Bond market.",
  "summary": "EUR/JPY extends its losses for the second successive day, trading around 176.90 during Asian hours on Thursday. The technical analysis of the daily chart indicates that the currency cross is remaining within a descending channel pattern, suggesting an ongoing bearish bias.",
  "key_points": [
    "EUR/JPY falls below 177.00 near nine-day EMA",
    "Pair in descending channel pattern, bearish trend",
    "14-day RSI at 46, neutral-to-soft momentum"
  ],
  "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."
}