EUR/JPY Price Analysis: Further gains now target the December 2022 top

Market news

15 February 2023

EUR/JPY Price Analysis: Further gains now target the December 2022 top

EUR/JPY advances to new 2023 high past 143.00 on Wednesday.
Extra strength could revisit the December 2022 high near 146.70.

EUR/JPY adds to the weekly recovery and surpasses the 143.00 hurdle to clinch new YTD peaks on Wednesday.

While the cross looks broadly side-lined for the time being, a convincing break above the 143.00 region could trigger a move higher to, initially, the December 2022 top at 146.72 (December 15).

In the meantime, while above the 200-day SMA, today at 141.11, the outlook for the cross is expected to remain positive.

EUR/JPY daily chart

Currencies. Daily history for Wednesday, February 15, 2023

Commodities. Daily history for Tuesday, February 14, 2023

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