EUR/JPY continued its downward trend for the third consecutive day, trading near 183.60 during Asian hours on Thursday, according to FX Street. The pair has seen a steady decline, hovering just above the 183.50 level as market participants remain cautious.
Technical indicators suggest a neutral to slightly soft momentum, with the 14-day Relative Strength Index (RSI) standing at 47.11. This reading, coupled with the pair’s position relative to the nine-day exponential moving average (EMA), points to a lack of strong directional bias in the short term.
For Japanese investors, the pair’s subdued movement reflects ongoing uncertainty in global FX markets amid mixed economic signals. EUR/JPY’s performance remains a key barometer for risk sentiment given Japan’s significant trade ties with Europe.