{
  "id": 6732467,
  "title": "Euro fails at 179.50 as BoJ tightening hopes underpin Japanese Yen",
  "url": "https://urgent.news/2026/09/11/euro-fails-at-179-50-as-boj-tightening-hopes-underpin-japanese-yen",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-11T08:29:38.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/chart-analysis-eur-jpy-2026-09-11-08-17-202609110829"
  },
  "original_language": "en",
  "account": "The Euro (EUR) dropped below 179.00 against the Japanese Yen (JPY) on Friday, as a modest recovery following the European Central Bank's (ECB) meeting on Thursday did not gain enough momentum to surpass 179.50. Risk-averse sentiment, driven by the Middle East crisis and expectations of a Bank of Japan (BoJ) rate hike next week, restricted EUR/JPY rallies. DBS Group Research analysts assert that the BoJ \"is almost a done deal\" to raise interest rates at their meeting on Sep 17-18, predicting a \"hawkish 25bps hike\" and a flexible pace of future rate hikes. Japanese data released on Friday indicated high factory prices, supporting the BoJ's monetary tightening. The Producer Price Index (PPI) for August showed a 7.6% year-over-year growth, slightly lower than the 7.7% in July but above expectations, indicating a deeper slowdown. Meanwhile, the ECB maintained its benchmark deposit facility rate at 2.5%, as expected, and hinted at potential further rate hikes, stating that inflation will stay above the 2% target until at least 2027. EUR/JPY traded at 179.05, rebounding from 177.86 lows but showing corrective characteristics due to an overbought Relative Strength Index (14) after a 4% drop over two weeks. Support lies at the September 8 low of 177.86, with further support near the 127.2% Fibonacci extension of the September selloff, around 175.60. On the upside, a rebound faces resistance at the July 31 high of 179.55, previously supported by bulls on Thursday. The next target is the September 4 high of 182.00. Japanese Yen emerged as the strongest currency against listed major currencies on Friday.",
  "summary": "The Euro (EUR) retreated below 179.00 against the Japanese Yen (JPY) on Friday, as the mild recovery seen after Thursday's European Central Bank (ECB) meeting failed to find follow-through above 179.50.",
  "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."
}