- EUR/JPY maintains the bid bias nice and solid so far this week.
- Additional gains now challenge the yardstick of 151.00 and above.
He USD/JPY extends the weekly bounce and breaks through the 151.00 level on Friday.
Should the bulls remain in control, there is an immediate hurdle at the weekly high at 151.07 (May 29), while a convincing break of this level exposes a probable move towards the 2023 high at 151.61 (May 2). .
For now, the uptrend is in favor, as the cross trades above the 200-day SMA, today at 144.21.
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.
