EUR/JPY Holds Ground Near 184.00, Capped by 50-Period EMA

EUR/JPY is trading around 183.90 in Asian hours on Friday, little changed after a modest gain in the previous session. The pair remains above the short-term nine-period EMA, which is providing nearby support.

Upside momentum is being limited by the medium-term 50-period EMA, keeping the cross contained near the 184.00 handle. With price wedged between these two moving averages, near-term direction is unclear. Traders are watching whether EUR/JPY can clear the 50-period EMA or loses the nine-period EMA support.