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EUR/JPY Price Forecast: Rebounds to near 174.00 despite weaker German PPI data

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EUR/JPY Price Forecast: Rebounds to near 174.00 despite weaker German PPI data

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update 2025.09.19 15:57
EUR/JPY Price Forecast: Rebounds to near 174.00 despite weaker German PPI data

update 2025.09.19 15:57

  • EUR/JPY retreated after reaching a new 14-month high at 174.50 on Friday.
  • The 14-day Relative Strength Index remains above 50, strengthening the bullish bias.
  • The nine-day EMA of 173.55 acts as the primary support.

EUR/JPY retraces its recent gains from the previous session, trading around 174.00 during the early European hours on Friday. However, the currency cross trims its daily losses despite the weaker-than-expected German Producer Price Index (PPI) data for August.

The technical analysis of the daily chart indicates an ongoing bullish bias as the currency cross remains within the ascending channel pattern. The 14-day Relative Strength Index (RSI) is positioned above the 50 mark, strengthening the bullish bias. Additionally, the short-term price momentum is stronger as the EUR/JPY cross holds above the nine-day Exponential Moving Average (EMA).

A successful rebound above the psychological level of 174.00 may prompt the EUR/JPY cross to target the fresh 14-month high at 174.50, reached on Friday, which is followed by the upper boundary of the ascending channel around 174.70. A break above the channel would strengthen the bullish bias and support the currency cross to explore the region around the all-time high of 175.43, reached in July 2024.

On the downside, the initial support lies at the nine-day EMA of 173.55. A break below this level would dampen the bullish market sentiment and put downward pressure on the EUR/JPY cross to navigate the region around the ascending channel's lower boundary around 172.40, followed by the 50-day EMA at 171.84.

EUR/JPY: Daily Chart

Euro Price Today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the New Zealand Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD 0.15% 0.31% -0.07% 0.12% 0.27% 0.46% 0.31%
EUR -0.15% 0.17% -0.26% -0.03% 0.09% 0.31% 0.16%
GBP -0.31% -0.17% -0.40% -0.21% -0.08% 0.05% -0.02%
JPY 0.07% 0.26% 0.40% 0.17% 0.48% 0.61% 0.24%
CAD -0.12% 0.03% 0.21% -0.17% 0.15% 0.34% 0.19%
AUD -0.27% -0.09% 0.08% -0.48% -0.15% 0.21% 0.07%
NZD -0.46% -0.31% -0.05% -0.61% -0.34% -0.21% -0.15%
CHF -0.31% -0.16% 0.02% -0.24% -0.19% -0.07% 0.15%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).


Date

Created

 : 2025.09.19

Update

Last updated

 : 2025.09.19

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