- EUR/JPY maintains erratic performance above 143.00 on Monday.
- Next to the upside are cycle highs beyond 145.00.
EUR/JPY is still not moving in a clear direction with some firmness above 143.00 at the start of the week.
The price action around the cross remains inconclusive at the moment and it would not be surprising to see this stance extended in the coming sessions. That said, a break above the upper bound of the range will expose the 2022 highs around 145.60, while the 139.00 area – where the 55 and 100 SMAs meet – should offer initial containment.
In the meantime, if it remains above the 200 SMA at 135.30, the outlook for the cross should remain constructive.
EUR/JPY day chart
Source: Fx Street
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