• EUR/JPY resumes the upside above the 147.00 mark
• Next on the upside comes the 2022 high past 148.00.

EUR/JPY leaves behind Monday’s drop and regains upside traction above the ey 147.00 hurdle on Tuesday.

Considering the ongoing price action, further gains in the cross remain in store for the time being. That said, the continuation of the upside momentum could extend further and challenge the 2022 peak at 148.40 (October 21) sooner rather than later.

So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 142.11.

EUR/JPY daily chart