EUR/JPY picks up to levels near 182.00, remains sharply lower on the week

EUR/JPY has seen significant declines recently, dropping to new lows over the past three days. It fell below the crucial support level of 180.85, marking a six-week low. Currently trading at 181.70, it has managed to reduce intraday losses. While there are signs of a minor recovery, the overall sentiment remains bearish. The 182.00 level is likely acting as a psychological resistance, and whether it can break above this level will be critical for future trends. The ongoing developments will determine whether the downtrend continues or if a bullish reversal can occur.