EUR/JPY Price Steadies Near 184.00 Amid Neutral Momentum

The EUR/JPY currency cross has steadied around 183.90 for the second consecutive day, hinting at a mildly bearish near-term tone as it slips beneath the 50-day Exponential Moving Average (EMA).

This alignment suggests that the recent bounce is vulnerable to renewed selling, while intraday dips still find some demand.

The 14-day Relative Strength Index (RSI) sits at 48.21, close to its midline, indicating neutral momentum that neither strongly favors a continuation lower nor an immediate bullish reversal.

Scotiabank strategists note that the Yen is holding firm after recent intervention gains, with stabilization following Monday's decline that hinted at renewed pressure and a rapid reversal of its recent intervention-driven gains.