Bullish
EUR/JPY hovers near 185.50 amid bullish technical indicators and yen weakness
EUR/JPY continues its upward trend, trading around 185.40 during the Asian session on July 15, 2026. The pair remains near the upper boundary of a symmetrical triangle pattern, with the 14-day Relative Strength Index (RSI) at 53, indicating steady upside momentum. The Japanese yen's weakness, influenced by investor doubts about Tokyo's plan to repatriate pension fund investments, further supports the euro's strength.
Key points
- EUR/JPY maintains a mildly bullish tone, holding above both the nine-period and 50-period Exponential Moving Averages (EMAs).
- Investor skepticism about Tokyo's plan to repatriate pension fund investments weighs on the yen.
- The 14-day RSI at 53 suggests steady but not overstretched upside momentum.
Sources
AI-generated from public news sources. Not financial advice.
