- EUR/JPY hits new multi-year highs above 145.00.
- Additional earnings could extend to the 2014 high near 150.00.
EUR/JPY starts the week in the positive and records new highs near 145.60.
Additional gains in the cross look well favored at the moment. However, the next target is not expected to emerge until the 2014 high of 149.78 (8 Dec).
As long as it is above the 200-day SMA at 134.93, the outlook for the cross should remain constructive.
However, it is worth noting the current overbought condition of the EUR/JPY, it could cause a technical drop in the short term.
EUR/JPY day chart
Source: Fx Street
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