EUR/JPY Falls Toward 183.50 and Nine-Day EMA
EUR/JPY declined for a third straight session, trading around 183.60 in Asian hours and approaching its nine-day exponential moving average.
EURJPY
The cross extended its losses for a third consecutive day, trading around 183.60 during Asian hours on Thursday and sitting near the 183.50 area by the nine-day exponential moving average.
Momentum remains subdued: the 14-day Relative Strength Index printed at 47.11, below its neutral midpoint, reinforcing a soft rather than strongly directional backdrop.
The move keeps EUR/JPY under pressure near a short-term technical support zone, with the nine-day EMA likely in focus.
Source: FXStreet Forex News