EUR/JPY Price Forecast: Softens below 180.00, bearish bias persists below 100-day SMA

EUR/JPY: mildly bearish, but vulnerable to sharp reversals. FXStreet’s September 24, 2026 report describes the cross below 180.00 and the 100-day average, with RSI near 40—technical conditions that favor continued downside pressure, but do not indicate an oversold market by themselves. A sustained move lower could bring the reported supports at 178.48 and 177.45 into focus; reclaiming 180.00 would weaken the immediate bearish setup, while the 100-day average near 184.05 is a more substantial trend test.

The yen’s near-term outlook is conflicted: intervention concerns may support JPY, but the report says the Bank of Japan’s recent rate increase was expected and its guidance disappointed more hawkish expectations. That limits confidence in a durable yen rally absent stronger signals of further tightening. For EUR/JPY, German IFO data later that day was a near-term euro catalyst; broader direction also depends on relative rate expectations and risk sentiment. Watch for follow-through below support, renewed intervention or hawkish BoJ signals, and whether euro-area data offsets yen demand.