- EUR/JPY leaves Tuesday’s small drop behind and returns to 143.00.
- Breakout of the consolidation theme faces resistance near 145.60.
He USD/JPY It advances remarkably and recovers the area beyond the 143.00 hurdle to touch new multi-session highs on Wednesday.
For now, the cross is above the key 200-day SMA near 141.80, and a sustainable break above this area should open the door for further gains on the near-term horizon. Looking ahead, the consolidation theme is expected to remain unchanged, while a more serious bounce should target monthly highs around 145.50.
In the meantime, further losses remain on the table while crosses trade below the 200-day SMA.
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.
