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EUR/JPY Price Forecast: Softens below 180.00, bearish bias persists below 100-day SMA

The EUR/JPY cross trades in negative territory around 179.85 during the early European trading hours on Thursday.

The EUR/JPY cross trades in negative territory around 179.85 during the early European trading hours on Thursday.

Intervention risks from Japanese authorities provide some support to the Japanese Yen (JPY) against the Euro (EUR).

Germany’s IFO survey is due later on Thursday.

Market commentary only, not advice. 42 words on the desk. Trading involves risk. Headline credited to FXStreet.

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