EUR/JPY Price Analysis: Next on the upside comes the 2022 peak

• EUR/JPY adds to Monday’s uptick and regains 144.00.
• Further gains could see the YTD high at 145.63 revisited.

EUR/JPY attempts to break above the ongoing consolidation and briefly surpass the 144.00 barrier on Tuesday.

Price action around the cross remains inconclusive for the time being and would not be surprising to see this stance extend in the next sessions. That said, a break above this range bound theme exposes the 2022 top at 145.63 (September 12).

In the meantime, while above the 200-day SMA at 135.38, the prospects for the pair should remain constructive.

EUR/JPY daily chart