EUR/JPY Price Analysis: Interim contention emerges at 158.80

EUR/JPY adds to Thursday’s corrective decline.
Further losses appear on the cards near term.

Pablo Piovano FXStreet

EUR/JPY comes under extra selling pressure following Thursday’s 2023 peaks north of the 164.00 hurdle.

The continuation of the retracement from overbought levels appears on the cards for the time being. Against that, the cross could initially revisit the provisional 55-day SMA near 158.80 prior to the weekly low of 157.69 (October 30).

So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 152.68.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	162.79
Today Daily Change	145
Today Daily Change %	-0.43
Today daily open	163.49

Trends
Daily SMA20	160.55
Daily SMA50	158.8
Daily SMA100	157.97
Daily SMA200	152.61

Levels
Previous Daily High	164.31
Previous Daily Low	163.26
Previous Weekly High	161.95
Previous Weekly Low	160.15
Previous Monthly High	160.85
Previous Monthly Low	154.39
Daily Fibonacci 38.2%	163.66
Daily Fibonacci 61.8%	163.91
Daily Pivot Point S1	163.06
Daily Pivot Point S2	162.63
Daily Pivot Point S3	162.01
Daily Pivot Point R1	164.11
Daily Pivot Point R2	164.74
Daily Pivot Point R3	165.17

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 keeps range near 0.6950 after Australian trade data

AUD/USD consolidates near a two-month low, trading around mid-0.6900s in the Asian session on Thursday amid a bullish US Dollar. The US PCE data tempered October Fed hike bets, though oil-driven inflation fears remain supportive of elevated US bond yields. Meanwhile, Australia's trade surplus shrank sharply in August to AUD495M, having limited impact on the Aussie Dollar and the pair.

USD/JPY sits at weekly top above 158.00 as bullish USD counters intervention risks

USD/JPY is sitting at the top end of its weekly range above 158.00 in the Asian session on Thursday. Despite the softer US PCE data, oil-driven inflation risks keep US bond yields elevated near multi-year highs. Moreover, the US-Iran standoff benefits the safe-haven US Dollar and supports the pair. Broad US Dollar strength counters hawkish BoJ expectations and Japanese intervention risks.

Gold fails ahead of $4,200 as surging US yields and Iran risks lift USD closer to YTD top

Gold struggles to capitalize on a modest intraday move up to the $4,200 neighborhood, trading nearly unchanged for the day during the first half of the European session. Despite softer-than-expected US inflation data on Wednesday, US Dollar buying remains unabated as US bond yields continue scaling new multi-year highs. This is seen as a key factor undermining demand for the non-yielding bullion.

Hyperliquid pares gains as ETF outflows cap tentative bullish recovery

Hyperliquid (HYPE) is down 2% at press time on Thursday, trimming its 5% gains from the previous day. Institutional demand is easing, with $5 million in outflows on Wednesday, weighing on near-term investors' sentiment. The technical outlook for HYPE indicates a near-term mixed tone as the price remains capped below $90.

The Euro is near a one-year low: Inflation could trigger its rebound, not its fall

EUR/USD has fallen to its lowest level since May 2025, but a fresh inflation shock in the Eurozone could give the Euro an unexpected lifeline. The pair hit 1.1312 on Wednesday and trades well below the January peak of 1.2082. The decline reflects a powerful combination of US Dollar strength, geopolitical uncertainty and renewed concerns about Europe's exposure to higher energy prices.

The Euro is near a one-year low: Inflation could trigger its rebound, not its fall

EUR/USD has fallen to its lowest level since May 2025, but a fresh inflation shock in the Eurozone could give the Euro (EUR) an unexpected lifeline. The pair hit 1.1312 on Wednesday and trades well below the January peak of 1.2082.