EUR/JPY Price Analysis: Further gains could revisit the 2023 high

Market news

14 July 2023

EUR/JPY Price Analysis: Further gains could revisit the 2023 high

EUR/JPY reclaims the area above 155.00 on Friday.
Next on the upside comes the YTD high near 158.00.

EUR/JPY climbs to 4-day highs north of the 155.00 hurdle at the end of the week.

In the meantime, the cross keeps the recovery mode in place and the continuation of the uptrend carries the potential to challenge the so far 2023 peak in the boundaries of 158.00 the figure (June 29).

So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 145.88.

EUR/JPY daily chart

Canada Manufacturing Sales (MoM) above forecasts (0.8%) in May: Actual (1.2%)

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