EUR/JPY is expected to trade around ¥176 as the yen weakens. Trading began yesterday with a large upside gap, which remained unfilled. Today, heavy buy orders and sell-side levels on the order book are expected to remain in focus, with range-bound trading likely to continue.
Yesterday (26 October 2026), EUR/JPY moved in the direction of a weaker yen and trading began with a large upside gap. The pair subsequently attempted to fill the gap but failed, ending the day in a range-bound market. Germany's Ifo Business Climate Index came in above market expectations, while the yen weakened ahead of interest-rate announcements in the euro area and Japan.
In today's (27 October 2026) order book, buy orders around ¥175 are particularly heavy and are attracting attention near the support line. Heavy buy orders are also placed in the mid-¥176 range, while a large number of sell orders around ¥177 are seen as providing resistance. Heavy sell orders have also been observed around ¥179.
In correlation analysis for EUR/JPY, AUD/JPY was strong over the past 24 hours, while USD/JPY and GBP/JPY were identified as correlated pairs and GBP/USD was inversely correlated. In the latest currency-strength readings, the Canadian dollar was the strongest, while the euro remained mostly in negative territory.
US-related items scheduled for release today include the first-day schedule of the FOMC meeting, September new home sales, and the October consumer confidence index. Real-time EUR/JPY movements can be checked on a separate page.