EURJPY – downside risks

by JFD Research
09:11, 2025/01/08

The EURJPY currency pair has run into a massive resistance zone. Multiple resistances exist between 165.00 and 167.50. These are the 50% and 61.8% Fibonacci levels, the last high, and the upper trend channel limit.

Our main scenario sees the euro falling against the Japanese yen towards 158.00 and below. There are also latent risks of a fall to 154.00.

On the upside, a sub-scenario can only be considered triggered when the 167.50 mark is exceeded on a daily closing price basis. However, this is currently unlikely due to the significance of the resistance zone.

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