- EUR/JPY regains some buying interest after Wednesday’s pullback.
- The rallies are expected to target the 144.00 area in the near term.
EUR/JPY partially reverses recent pullback and looks slightly bid above 143.00 on Thursday.
The continuation of the bounce from last week’s lows is holding up well despite Wednesday’s moves. Conversely, if the cross extends the break of the weekly high at 144.04 (Sep 20), it could go to test the 2022 high at 145.63 (Sep 12).
Meanwhile, if it remains above the key 200 SMA at 136.10, the constructive outlook for the cross should remain unchanged.
EUR/JPY day chart
Source: Fx Street
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