EURJPY

Key Indicators

• Momentum indicators favour downside over upside, increasing the appeal of further downside.

• An RSI of 40 indicates selling pressure, but it is not oversold yet.

Fundamental Context

The euro remains under pressure versus the Japanese yen. Germany's June PMI data comes in below expectations, with weakness driven by the services sector. Germany's Services PMI declined to 46.8 in June 2026 from 48.1 in May.