FXStreet reported EUR/JPY near 177.40 yen per euro in Asian trading Wednesday, while separate daily and European Central Bank readings differed, underscoring that its chart analysis was a time-specific snapshot.
FXStreet’s daily-chart analysis placed the pair inside a descending channel, with the upper boundary near 178.00 and the lower edge around 174.30. It put the nine-day exponential moving average (EMA) at 176.78 and the 50-day EMA at 178.70, identifying the nine-day average as nearby support and the channel’s upper edge as resistance. Analyst Akhtar Faruqui described the 14-day relative strength index (RSI) reading of 49.37 as neutral. FXStreet said an AI tool helped prepare the analysis.
FXStreet marked the Oct. 30 low at 175.07; Investing.com’s historical data lists 175.06 for that date. The latest analysis updates EconoTimes’ earlier coverage of FXStreet’s bearish chart view when EUR/JPY was near 176.40.
Investing.com’s Nov. 4 daily data lists EUR/JPY at 177.27, with an opening level of 177.60, a high of 177.82 and a low of 177.15. The row also shows a 0.20% decline. The ECB’s latest reference rate was 176.95 yen per euro on Nov. 3. These benchmarks do not show the cross at FXStreet’s reported quote time.
On Nov. 2, Japan Finance Minister Satsuki Katayama said Japan would respond to disorderly or excessively speculative currency moves under its joint statement with the United States. Katayama addressed exchange-rate conditions broadly; the transcript does not refer to EUR/JPY or its Nov. 4 reading.
Japan’s Ministry of Finance scheduled foreign-exchange intervention data covering July through September for 6:50 p.m. ET Sunday, Nov. 8 (23:50 UTC), corresponding to 8:50 a.m. Japan time Monday, Nov. 9.
