⚡ EUR/JPY Price Forecast: Softens to near 179.00, bearish bias remains intact below 100-day SMA

**BREAKING: EUR/JPY Slides Toward 179.00 as BOJ Rate Hike Expectations Strengthen Japanese Yen**

The EUR/JPY cross is trading under pressure near 179.10 in early Friday European trading, maintaining a bearish trajectory below the critical 100-day simple moving average. The Japanese Yen is gaining ground against the Euro as market participants increasingly price in a Bank of Japan interest rate hike at next week’s policy meeting. This hawkish shift marks a significant departure from the BOJ’s longstanding ultra-loose monetary stance and is providing meaningful support to the Yen across major currency pairs.

The technical setup confirms the bearish bias remains firmly intact while EUR/JPY holds below its 100-day SMA, signaling continued downside momentum. Traders are positioning defensively ahead of the BOJ decision, which could trigger substantial volatility in Yen pairs. The rate hike expectations reflect Japan’s changing inflation dynamics and potential policy normalization.

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FXnCO Insight

** Traders should monitor the 179.00 level closely as a break below could accelerate EUR/JPY losses toward 178.00, while any BOJ surprise next week will likely drive sharp directional moves in Yen crosses.

Source: FXStreet