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- EUR/JPY regains some balance and approaches 144.00.
- The continuation of the bounce could see the yearly high revisited.
He USD/JPY manages to leave behind three consecutive sessions of losses and on Tuesday trades within a short distance of the 144.00 zone.
A further recovery of the cross is expected to find the next major hurdle at the 2023 YTD high at 145.56 (March 2). Breaking above this latter level exposes a probable move towards the December 2022 high at 146.72 (Dec 15).
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As long as it holds above the 200-day SMA at 141.79, the outlook for the cross is expected to remain positive.
EUR/JPY Daily Chart
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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.
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