Last Updated on July 16, 2026 by Deon
EUR/JPY Stays Strong Near One-Month High
The EUR/JPY currency pair is holding near 186.00, which’s its highest level in a month. Even though the Japanese yen is getting stronger because of warnings from officials that they might take action if the currency moves too much, the euro has stayed strong. This has kept the pair near its high.
The pair went down a little during Thursday’s trading session after it had gone up for three days in a row. The overall trend still looks good, and it seems like buyers are still in control.
Japanese Yen Gets Some Support
The Japanese yen got stronger after Japan’s finance minister said that they are ready to take action if the currency moves much. This made people think that officials might step in if the Yen gets weaker fast.
Also, US inflation data was softer than expected, which means that people think the Federal Reserve might not raise interest rates again soon. This has put pressure on the US dollar. Helped the Yen a bit.
With all this, the euro has done better than the yen, so EUR/JPY is still near its recent high.
Technical Outlook Still Looks Good
From a point of view, EUR/JPY is still trading above its short-term and medium-term moving averages. This means that the overall trend is still up.
Some key technical things to note are:
The pair is trading near the top of an ascending triangle pattern around 186.10.
The 14-day Relative Strength Index (RSI) is near 56 which means that the momentum is positive but not too strong.
Buyers are still defending the pair when it goes down, which means that demand is still strong.
If the pair breaks above 186.10, it could go up more. The immediate support is near 185.35 and further support is near the 50-day Exponential Moving Average (EMA).
What Traders Are Watching
Traders are now watching:
Upcoming economic data from the United States.
More comments from officials about potential currency intervention.
Changes in risk sentiment and bond yields.
Expectations about monetary policy decisions from major central banks.
Any big surprises could affect demand for both the Euro and the Yen in the coming sessions.
Outlook
Even though the Japanese yen has gotten stronger, EUR/JPY is still trading near its one-month high around 186.00. This shows that the Euro is still strong. As long as the pair stays above key support levels, the short-term outlook favors buyers. Resistance, around 186.10, is a critical level that traders will watch to see what’s next.
