- EUR/JPY recovers buying interest and breaks above 149.00.
- Immediately to the upside the 151.00 zone emerges.
He USD/JPY manages to regain traction and retakes 149.00 and beyond after three consecutive daily pullbacks on Thursday.
A further recovery looks like a plausible near-term scenario, and a convincing break of the round level at 151.00 could encourage the cross to challenge the 2023 high at 151.61 (May 2) in the not too distant future.
For now, rallies are favored as long as the cross trades above the 200-day SMA at 143.89 today.
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.
