EUR/JPY Slips Below Key Moving Averages Amid Lack of Fresh Catalysts

The EUR/JPY currency pair is currently trading lower amid a lack of fresh catalysts, putting pressure on sellers who are maintaining short- and medium-term momentum.

The pair is trading just below its 20-day and 50-day moving averages at ¥184.79 and ¥184.81 respectively, indicating ongoing selling pressure from these key technical levels.

Momentum indicators are mixed, with the MACD showing a buy signal but the ADX signaling weak trend strength. The RSI and CCI are in buy territory, while the Stochastic RSI and Awesome Oscillator remain neutral.

The current price is ¥183.95, down 1.7651 from yesterday's close and representing a 0.95% decline.