• EUR/JPY adds to the ongoing rally beyond 145.00.
• Next on the upside comes the 2023 high near 145.70.

EUR/JPY advances for the fourth session in a row and breaks above the key barrier at 145.00 on Tuesday.

The continuation of the recovery should encourage the cross to challenge the 2023 top at 145.67 (March 31). The surpass of this level could put a potential test of the December 2022 high near 146.70 (December 15) back on the radar in the not-so-distant future.

So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 141.89.

EUR/JPY daily chart