- The EUR/JPY continues its erratic behavior during the session on Tuesday.
- Trading within a range seems to be the goal.
He USD/JPY It moderates part of the auspicious start to the week and probes the 141.00 area on Tuesday.
The cross continues to hover around the key 200-day SMA area near 141.80, and a sustainable break above this area should open the door for further gains on the near-term horizon. Looking ahead, the consolidation is expected to continue as the March highs around 145.50 continue to cap further upside.
Meanwhile, further losses are on the table as long as the cross trades below the 200-day SMA.
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.
