- EUR/JPY adds to recent gains and flirts with 126.30/35.
- The 2021 highs in the 127.50 zone come up next.
EUR/JPY adds to Wednesday’s gains and extends further the weekly recovery to the 126.30 region on Thursday.
If the buying pressure morphs into a more serious bullish attempt, then the YTD highs around 127.50 should return to the radar in the near-term.
Looking at the broader picture, while above the 200-day SMA at 123.07 the outlook for the cross should remain constructive.
EUR/JPY daily chart