The currency pair extends losses after a brief rebound, trading under both nine-day and 50-day EMAs.
EUR/JPY fell to around 182.10 in Asian trading on Thursday, reversing two days of gains. The pair remains under pressure, holding below both the nine-day and 50-day Exponential Moving Averages, reinforcing a bearish near-term outlook.
Prior to the decline, EUR/JPY had briefly recovered from earlier losses but failed to sustain momentum above key technical levels. The cross has struggled to break resistance amid broader market sentiment.
No immediate market reaction was specified, but the bearish bias suggests continued downside risk for the pair.