The currency pair declines for a third session, nearing the nine-day exponential moving average amid neutral-to-soft momentum.
EUR/JPY fell to near 183.50 during Thursday’s Asian trading session, extending losses for a third consecutive day. The pair traded around 183.60, reflecting subdued market sentiment.
The 14-day Relative Strength Index (RSI) stood at 47.11, signaling a neutral-to-soft momentum rather than a clear directional bias. This follows a period of consolidation after recent volatility in the cross.
No immediate market reaction was reported, though traders may monitor the EMA level for potential support or resistance.