EUR/JPY Price Analysis: Rising bets for another visit to 142.30

Market news

1 September 2022

EUR/JPY Price Analysis: Rising bets for another visit to 142.30

EUR/JPY comes under pressure soon after hitting the 140.00 area.
Extra gains could put a test of 142.32 back on the radar.

EUR/JPY retreats from recent peaks in the 140.00 neighbourhood on Thursday.

Gains in the cross could accelerate once it clears the 140.00 zone. Beyond this area, another test of the weekly peak at 142.32 (July 21) should re-emerge on the horizon ahead of the 2022 high at 144.27 (June 28).

While above the 200-day SMA at 134.42, the prospects for the pair should remain constructive.

EUR/JPY daily chart

Currencies. Daily history for Thursday, September 1, 2022

Commodities. Daily history for Wednesday, August 31, 2022

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