EUR/JPY Slides Below Nine-Day EMA Amid US-Japan Tension
The EUR/JPY currency cross has continued its downward trend for the third consecutive day, trading at around 183.60 during Asian hours on Thursday.
The Relative Strength Index (RSI) is currently at 47.11, indicating a neutral-to-soft momentum backdrop rather than a decisive directional push.
According to analysts at Scotiabank, local media coverage is increasingly highlighting the potential for tension between US officials and Japan's government as the US pushes for Bank of Japan (BoJ) tightening.