- EUR/JPY hits fresh 2022 highs beyond 140.00.
- Continuation of the uptrend could lead to a retest of 141.05.
EUR/JPY posts new cycle highs beyond the 140.00 mark at the start of the week.
The cross quickly cleared the 140.00 hurdle and advanced to the 140.60/65 band on Monday, at the same time opening the door for further gains until, initially, the June 2015 peak of 141.05.
In the meantime, if it continues above the two-month support line near 135.50, the short-term outlook for the cross should remain bullish.
EUR/JPY day chart
Source: Fx Street
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