EUR/JPY Price Analysis: Room for extra upside near term

EUR/JPY adds to Thursday’s gains and prints new highs.
Further upside could target the 149.80 region in the short term.

Pablo Piovano FXStreet

EUR/JPY extends the optimism seen in the second half of the week and advances to new cycle highs around 147.60 on Friday.

Considering the current price action in the cross, the door still looks open to extra upside. That said, the immediate target now emerges at the December 2014 high at 149.78 (December 8).

In the short term the upside momentum is expected to persist while above the October lows near 141.00.

In the longer run, while above the key 200-day SMA at 136.85, the constructive outlook for the cross should remain unchanged.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	147.55
Today Daily Change	107
Today Daily Change %	0.37
Today daily open	147

Trends
Daily SMA20	142.76
Daily SMA50	141.1
Daily SMA100	140.45
Daily SMA200	136.8

Levels
Previous Daily High	147.3
Previous Daily Low	146.24
Previous Weekly High	144.85
Previous Weekly Low	140.9
Previous Monthly High	145.64
Previous Monthly Low	137.38
Daily Fibonacci 38.2%	146.89
Daily Fibonacci 61.8%	146.64
Daily Pivot Point S1	146.39
Daily Pivot Point S2	145.78
Daily Pivot Point S3	145.33
Daily Pivot Point R1	147.45
Daily Pivot Point R2	147.91
Daily Pivot Point R3	148.52

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 losses steam at 0.7000 as PMIs signal a deceleration

The Australian Dollar retreats 0.17% against the US Dollar on Thursday as sentiment soured on US tech stocks falling on worries about AI valuations, while Oil surged on an escalation of the US-Iran conflict. The AUD/USD trades at 0.7017.

USD/JPY declines to a one-week low; eyes trading range support near 157.50 on weaker USD

USD/JPY drops to a one-week low during Thursday’s Asian session, with bears now awaiting a break below multi-week range support near mid-157.00s before placing fresh bets amid a broadly weaker US Dollar. Despite bets for a December Fed rate hike and Middle East jitters, the recent decline in US bond yields keeps USD depressed near a three-week low. Moreover, hawkish BoJ expectations and intervention risks underpin the Japanese Yen, further weighing on the currency pair.

Gold falls to two‑month low below $4,050 as oil spikes

Gold price falls to the lowest in more than two months near $4,025 during the early Asian session on Friday. The precious metal faces some selling pressure as escalating tensions in the Middle East send oil surging ahead of a Federal Reserve policy meeting.

Bitcoin falls 4% as chip stocks plunge 6.7% and oil surges

Bitcoin (BTC) fell below $82,000 on Thursday as the crypto market joined a broader market sell-off driven by concerns over artificial intelligence (AI) spending, rising oil prices and escalating geopolitical tensions involving the US and Iran. The top crypto fell 4% to $81,130 as macro fears weighed on prices across the digital asset market.

The Bank of England just got its clearest reason to hike. Here's what it's really watching

UK inflation as measured by the CPI accelerated to 3.5% YoY in September, up from 3.1% in August, according to the Office for National Statistics. This is the highest level since October 2025, exceeding economists' expectations of 3.4% and pushing inflation further from the BoE's 2% target.

What November 3 means for the Fed's rate path and the US Dollar

The USD faces a decisive period ahead of the November 3 midterm elections. While markets anticipate another interest rate increase from the Fed in December, the battle for control of Congress could reshape fiscal policy expectations and, indirectly, the path of US monetary policy in 2027.