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    EUR/JPY prices drop near 176.00, gaining support from the nine-day EMA alongside bullish signals

    by VT Markets
    /
    Oct 15, 2025

    Euro’s Performance Against Other Currencies

    The EUR/JPY is testing key support at the nine-day EMA of 175.87, which aligns with the channel’s lower boundary near 175.80. If it drops below this point, the outlook could become negative, pushing towards the 50-day EMA at 173.59 and a six-week low of 172.14 from September 9. The table below shows how the Euro compares to other major currencies, highlighting that it is weakest against the Australian Dollar. It includes percent changes against currencies like the USD, EUR, GBP, JPY, CAD, AUD, NZD, and CHF, reflecting market performance. Currently, the EUR/JPY is holding strong around the 176.00 level, indicating that it may move higher. The pair is within an ascending channel, and the Relative Strength Index is above 50, suggesting a bullish trend. This indicates that the easiest path is likely upwards for now. With this momentum, we should consider buying call options with strike prices above the recent high of 177.94. If the pair surpasses this level, which it reached last week on October 9, the next target could be around 180.60. This approach bets on the trend continuing in the next few weeks.

    European Central Bank and Bank of Japan Stance

    It’s essential to monitor the 175.87 level closely since it is both the nine-day moving average and a crucial support point. A strong break below this could indicate fading bullish momentum, putting pressure on the pair. To protect ourselves, we might buy put options with a strike price just under 175.80. This upward trend is supported by the European Central Bank’s current position. Officials like Dolenc see no reason to change interest rates anytime soon. Looking back at September 2025, Eurozone inflation dropped to 2.1%, suggesting that the ECB will not lower rates yet, keeping the Euro attractive. Meanwhile, the Yen remains weak as the Bank of Japan shows no signs of changing its policy. September 2025 core inflation in Japan was only 1.8%, giving the BoJ little reason to consider raising interest rates aggressively. This significant policy gap between the ECB and BoJ has contributed to the pair’s rise throughout 2025. Create your live VT Markets account and start trading now.

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