- EUR/JPY resumes bullish path and marks a new 2023 high.
- Further developments seem likely on the short-term horizon.
He USD/JPY smile again and set new yearly highs in the area of 143.65/70 at the end of the week.
Although the cross looks somewhat on the back burner at the moment, a convincing break of the 2023 high at 143.67 (Feb 17) could trigger a move higher to initially the December 2022 high at 146.72 (Dec 15).
Meanwhile, as long as it holds above the 200-day SMA, today at 141.21, the outlook for the cross is expected to remain positive.
EUR/JPY daily chart
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
