EUR/JPY Price Analysis: Next on the upside emerges 149.30

Market news

17 May 2023

EUR/JPY Price Analysis: Next on the upside emerges 149.30

EUR/JPY extends the weekly leg higher and surpasses 148.00.
Extra strength could see the weekly high near 149.30 revisited.

EUR/JPY advances for the fourth session in a row and clinches multi-day highs further north of the 148.00 barrier on Wednesday.

Extra gains beyond the latter could encourage the cross to challenge the weekly peak at 149.26 (May 8), while the surpass of this level could pave the way for a potential test of the YTD high at 151.61 (May 2).

So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 143.19.

EUR/JPY daily chart

Currencies. Daily history for Wednesday, May 17, 2023

Commodities. Daily history for Tuesday, May 16, 2023

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