EUR/JPY Price Analysis: Further gains now target the December 2022 top

EUR/JPY advances to new 2023 high past 143.00 on Wednesday.
Extra strength could revisit the December 2022 high near 146.70.

EUR/JPY adds to the weekly recovery and surpasses the 143.00 hurdle to clinch new YTD peaks on Wednesday.

While the cross looks broadly side-lined for the time being, a convincing break above the 143.00 region could trigger a move higher to, initially, the December 2022 top at 146.72 (December 15).

In the meantime, while above the 200-day SMA, today at 141.11, the outlook for the cross is expected to remain positive.

EUR/JPY daily chart

Feb 15, 2023

China: Inflation seen at 2.8% in 2023 – UOB

Economist at UOB Group Ho Woei Chen reviews the latest release of inflation figures in the Chinese economy. Key Takeaways “Headline inflation was in l

Philippines: BSP expected to hike rates by 25 bps this week – UOB

Lee Sue Ann, Economist at UOB Group, sees the BSP raising its policy rate by 25 bps at its meeting on February 16. Key Takeaways “We think that the sl