EUR/JPY Slips Below 179.50, Extending Bearish Bias

The euro–yen cross was seen near 179.40 during Monday’s Asian session, drifting lower after a break below the 179.50 handle. The move leaves the pair trading beneath both the nine-period and 50-period exponential moving averages, a technical setup that often points to short-term downside pressure.

Momentum indicators align with the bearish tilt. Prices remain capped by the moving averages, and the latest price action suggests that sellers are in control. No clear support level was highlighted in the accompanying commentary, but the direction of the short-term trend appears negative.

Market participants will watch upcoming regional data and broader risk sentiment for further cues. For now, the technical picture leans firmly toward the bears.