EUR/JPY Price Analysis: Next on the upside now comes 146.70

EUR/JPY extends the move higher and prints new 2023 highs.
The December 2022 peak near 146.70 now emerges on the horizon.

EUR/JPY advances past the 145.00 hurdle to record new YTD peaks in the 145.65/70 band on Friday.

A daily close above the 2023 peak should motivate the cross to shift its focus to the December 2022 top around 146.70 (December 15) in the short-term horizon.

In the meantime, extra gains remain on the table while the cross trades above the 200-day SMA, today at 141.81.

EUR/JPY daily chart

Mar 31, 2023

GBP/USD: Clear push through 1.2445/50 to drive gains towards 1.2750/00 in the next few months – Scotiabank

Sterling gains peaked in the low 1.24 zone earlier but losses are showing signs of reversing from the mid/upper 1.23s, economists at Scotiabank report

USD Index Price Analysis: No changes to the range bound theme

DXY manages to regain some balance and bounces off the earlier retracement to the 102.00 neighbourhood. So far, it seems the index could extend the co