EUR/JPY Price Analysis: Next on the upside comes the 2022 high at 140.00

• EUR/JPY extends the rebound to the 139.00 neighbourhood.
• Further upside should now target the YTD peak around 140.00.

EUR/JPY pushes higher and advances to new highs in the boundaries of the 139.00 mark on Wednesday.

The cross left behind the May high at 138.30 and is now poised for the continuation of the bounce with the initial target at the 2022 top at 140.00 (April 21).

In the meantime, while above the 2-month support line near 135.00, the short-term outlook for the cross should remain bullish.

EUR/JPY daily chart