EUR/JPY holds as Yen firms on BoJ outlook and intervention risks

The EUR/JPY trades neutral near 184.00, with the Japanese Yen gaining modest strength despite sustained risk appetite.
President Trump signals potential de-escalation with Iran, supporting sentiment but limiting safe-haven flows.
A relatively hawkish stance from the Bank of Japan and rising intervention concerns cap further upside in Yen crosses.

Agustin Wazne FXStreet

The EUR/JPY cross trades in a tight range around the 184.00 price region, even retracing some of its intraday gains, though risk appetite remains high. The Japanese Yen (JPY) is gaining ground against the Euro (EUR).

President Donald Trump announced a postponement of the attack on Iran. He later commented on the Iran war, claiming that he hopes to meet soon because they “have major points of agreement,” and that if talks carry through, it will end the conflict.

Crossing the pond, the Bank of Japan (BoJ) maintains a relatively hawkish stance after Governor Kazuo Ueda recently emphasized that additional rate hikes may be possible if inflation develops as anticipated.

On the European side, the flash Consumer Confidence for March was released worse than expected at -16.3, down from -12.2 last month, indicating that European confidence is being affected and could be a problem if it continues to decline.

Short-term technical analysis:

On the 4-hour chart, EUR/JPY trades at 183.92. The near-term bias is mildly bullish as the pair holds above the rising 20-period Simple Moving Average (SMA) near 183.37 and the flatter 100-period SMA around 183.29, keeping price supported on shallow pullbacks. The 14-period Relative Strength Index (RSI) is advancing to 58, above its midline and away from overbought territory, indicating steady buying pressure rather than exhaustion.

Immediate support sits at 183.66, backed by the nearby 20-period SMA, with a deeper floor at 183.20 where earlier demand emerged. On the upside, initial resistance is aligned at 184.00, with a break exposing the recent cap near 184.23; a sustained move above this area would open the way for a continuation of the prevailing upswing toward higher highs on the 4-hour horizon.

(The technical analysis of this story was written with the help of an AI tool.)

Author

Agustin Wazne

FXStreet

Agustin Wazne joined FXStreet as a Junior News Editor, focusing on Commodities and covering Majors.

GBP/USD flirts with weekly highs in the Fed's aftermath

GBP/USD reversed early losses following the Federal Reserve decision to keep rates on hold and neared the 1.3360 level before shedding some ground. Focus shifts to Governor Kevin Warsh's speech, while the Bank of England will announce its monetary policy decision on Thursday.

EUR/USD extends rally pass 1.1450 on Fed's Warsh

EUR/USD trades at fresh weekly highs above 1.1450, following the Federal Reserve monetary policy decision to keep interest rates on hold. The statement showed policymakers remain confident in economic progress while blaming inflation on energy prices. The divided vote among officials put in doubt a September hike, leading to sharp US Dollar losses.

Gold hovers around $4,100 as Fed decision hits the USD

Gold surged following the Federal Reserve's decision to keep the benchmark interest rate unchanged at 3.50%-3.75%. Policymakers noted that inflation remains elevated and that economic activity is expanding at a solid pace despite elevated uncertainty, spurring doubts about a rate hike in September. XAU/USD peaked above $4,100, now battling to retain the level.

No soft target: Warsh vows to return inflation to 2%

The Fed left interest rates unchanged at 3.50%-3.75%, but the decision carried a distinctly hawkish edge as three officials voted for an immediate 25-basis-point increase. Chair Kevin Warsh reinforced that message, insisting there was no tolerance for a softer inflation target and warning that the Fed would not hesitate to act.

How the CLARITY Act unlocks Wall Street’s tokenization pipeline

The United States (US) Digital Asset Market Clarity Act (CLARITY Act), awaiting a full Senate floor vote, promises to unlock Wall Street’s potential to tokenize financial assets, including equities, US Treasuries, private credit, real estate and commodities at a scale that could supercharge the real-world asset (RWA) market from the current $17 billion level to $5.5 trillion by 2030, according to

US Dollar mid-year outlook: Exceptional currency, exceptional risks?

The US Dollar enters the second half of 2026 in a markedly different position from a year ago. The King currency has recovered, reflecting persistent US inflation, changing expectations for Fed policy, geopolitical tensions and renewed demand for defensive assets.