EUR/JPY has moved into the lower 181s as the yen has strengthened. The order book shows heavy buying in the upper 177s and heavy selling in the lower 183s, drawing attention to market movements.
Yesterday (3 September 2026), yen strength was dominant in EUR/JPY, with the yen broadly stronger against major currencies. Expectations that the Bank of Japan may accelerate the pace of policy rate hikes were cited as a factor behind the yen's strength, while elevated euro-area PPI affected developments in the euro area.
Today (4 September 2026), the chart-based technical view of EUR/JPY shows heavy buy orders in the upper 177s and additional heavy buying in the upper 179s, while heavy sell orders have been observed in the lower 183s and around 185. As a result, order flows at specific price levels are attracting attention as a factor in market formation.
Over the past 24 hours, EUR/JPY has shown strong correlations with USD/JPY, GBP/JPY and AUD/JPY, while it has been inversely correlated with EUR/USD, GBP/USD and AUD/USD.
The main economic indicators scheduled for release today include Canada's monthly unemployment rate and employment change, and the US monthly unemployment rate and change in nonfarm payrolls.
Real-time EUR/JPY rates and detailed order book information are available on the relevant OANDA Lab pages.