- EUR/JPY adds to Thursday’s gains and approaches 159.00.
- Additional gains appear likely on the near-term horizon.
He EUR/JPY continues to advance and prints new multi-week highs near the 159.00 barrier at the end of the week.
Taking into account the ongoing price action, the cross could now challenge the 2023 high at 159.76 (Aug 30) in the near term, just before the 160.00 round level.
For now, the positive long-term outlook for the cross seems favored as long as it remains above the 200-day SMA, today at 150.69.
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.
