EUR/JPY Price Analysis: Next on the upside now comes 146.70

Market news

31 March 2023

EUR/JPY Price Analysis: Next on the upside now comes 146.70

EUR/JPY extends the move higher and prints new 2023 highs.
The December 2022 peak near 146.70 now emerges on the horizon.

EUR/JPY advances past the 145.00 hurdle to record new YTD peaks in the 145.65/70 band on Friday.

A daily close above the 2023 peak should motivate the cross to shift its focus to the December 2022 top around 146.70 (December 15) in the short-term horizon.

In the meantime, extra gains remain on the table while the cross trades above the 200-day SMA, today at 141.81.

EUR/JPY daily chart

Currencies. Daily history for Friday, March 31, 2023

Commodities. Daily history for Thursday, March 30, 2023

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