- EUR/JPY advances for the fourth consecutive session on Monday.
- The next hurdle arises around the 140.30 area.
EUR/JPY maintains the recovery and breaks above the 140-00 barrier, or two-week highs, on Monday.
Further above is the four-month resistance line around 140.70, above which the cross is seen accelerating gains to initially the weekly high at 142.37 (July 5). Once cleared, the next major hurdle is the 2022 high at 144.27 (June 28).
In the longer term, the constructive stance on the cross remains well supported by the 200 SMA at 133.36.
EUR/JPY day chart
Source: Fx Street
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