EUR/JPY is trading slightly lower around 181.05 in early European hours on Friday, as the Japanese Yen gains modest strength following fresh verbal intervention from Japanese officials. Market participants are now focused on Germany’s upcoming Retail Sales and CPI inflation data, due later in the day.
Chart analysis EUR/JPY
EUR/JPY is seen at 181.04 on the daily timeframe, with the pair comfortably above the rising 100-EMA at 174.71. This positioning keeps the medium-term bullish structure intact.
The steepening trajectory of the moving average over recent weeks highlights persistent buying pressure. The RSI stands at 63.77—still elevated but below its prior reading of 65.56—suggesting bullish momentum remains in place, though it has cooled slightly.
Price action remains above the middle Bollinger Band and is drifting toward the upper band at 182.67. The widening of the bands points to sustained bullish pressure and rising volatility. A decisive daily close above the upper band could pave the way for an extended rally, while a drop below 179.41 would expose the next key support zone at 176.15–174.71.
