Bearish
EUR/JPY dips below 179.00 amid ongoing bearish trend and BoJ rate hike expectations
EUR/JPY has declined below the 179.00 mark, maintaining a bearish trend influenced by expectations of a 25 basis point rate hike by the Bank of Japan (BoJ) at its upcoming meeting on September 17–18. This anticipated tightening by the BoJ continues to support the Japanese Yen, exerting downward pressure on the Euro-Yen pair.
Key points
- EUR/JPY falls below 179.00 as BoJ rate hike expectations weigh on the Euro.
- Technical indicators show oversold conditions, suggesting potential for a short-term rebound.
- Market awaits ECB's upcoming rate decision, which could influence EUR/JPY dynamics.
Sources
- EUR/JPY Price Forecast: Slips below 178.50 within oversold territorySignalPro News · September 8, 2026
- EUR/JPY Price Forecast: Tests nine-day EMA confluence support near 185.00TMGM Asia · August 26, 2026
- Euro: Soporte en 180.00 frente al Yen, en el punto de mira ante el riesgo del BoJ – DBSFXStreet · September 7, 2026
AI-generated from public news sources. Not financial advice.
