EUR/JPY Price Analysis: Further consolidation on the cards

EUR/JPY extends the erratic performance so far this week.
The cross appears supported around 128.20.

Pablo Piovano FXStreet

EUR/JPY regains upside traction and leaves behind Thursday’s pullback.

In light of the recent price action, the cross seems to have moved into a consolidative phase, with support emerging around 128.20 for the time being. On the upside, there is a temporary and initial hurdle at the 55-day SMA at 129.29. The surpass of the latter could alleviate the downside pressure and allow for a probable move to the more relevant 200-day SMA.

While below the 200-day SMA AT 130.48, the outlook for the cross is expected to remain negative.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	128.84
Today Daily Change	43
Today Daily Change %	0.23
Today daily open	128.54

Trends
Daily SMA20	130.14
Daily SMA50	129.3
Daily SMA100	129.93
Daily SMA200	130.53

Levels
Previous Daily High	129.02
Previous Daily Low	128.33
Previous Weekly High	131.18
Previous Weekly Low	128.56
Previous Monthly High	131.04
Previous Monthly Low	127.38
Daily Fibonacci 38.2%	128.59
Daily Fibonacci 61.8%	128.75
Daily Pivot Point S1	128.24
Daily Pivot Point S2	127.94
Daily Pivot Point S3	127.55
Daily Pivot Point R1	128.93
Daily Pivot Point R2	129.32
Daily Pivot Point R3	129.62

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

AUD/USD stays weak above 0.6900 after China’s trade data

AUD/USD struggles to capitalize on the previous day’s recovery and stays defensive on the 0.6900 level following the narrowing of trade surplus in China. Increased December Fed rate hike bets allows the US Dollar to pause its decline and weigh on the pair. US CPI data is next of note for the major.

USD/JPY retakes 158.00 on weak Japanese data; focus shifts to US CPI

USD/JPY attracts some dip-buyers and retakes 158.00 in the Asian session on Tuesday as a fall in Japan’s Household Spending offsets hawkish BoJ Summary of Opinions, undermining the Japanese Yen. Moreover, Fed hike bets support the safe-haven US Dollar and the currency pair. The market focus now shifts to the release of the crucial US CPI report.

Gold comes under pressure; breaks below $4,100

Gold surrenders a big chunk of Monday’s advance and breaches below the key $4,100 mark per troy ounce on Tuesday. The precious metal’s decline follows the tepid bounce in the US Dollar and rising US Treasury yields prior to US inflation figures.

Pi Network rebounds from record lows, exits oversold territory as momentum improves

Pi Network (PI) shows a strong recovery on Tuesday, up over 7% after recording its all-time low of $0.0624 the previous day. PI token’s appeal in the derivatives market shows minor improvement, with Open Interest rising to $6.21 million.

US CPI data set to ease in October as markets reassess Fed rate hike expectations

The US Bureau of Labor Statistics will publish the October Consumer Price Index data on Tuesday, a release that could influence the US Dollar valuation as investors reassess the Federal Reserve’s interest-rate outlook. The report won’t include 12-month percentage changes for most CPI series in this release, due to missing October 2025 monthly data because of the lack of collection during the government shutdown from October 1, 2025, to November 12, 2025.

Gold reclaimed $4,100. Tuesday’s CPI test decides if it holds

Gold (XAU/USD) starts the week on a positive note, reclaiming the $4,100 psychological level as the US Dollar (USD) retreats from its recent highs. The precious metal recovers from Friday's losses, although investors remain cautious ahead of Tuesday's US Consumer Price Index (CPI) report, which could determine the next direction for Bullion.