EUR/JPY Price Analysis: The hunt for 140.00 remains well in place

• EUR/JPY adds to the ongoing recovery north of 138.00.
• Next on the upside comes the 139.00 hurdle ahead of 140.00.

EUR/JPY extends the upside momentum and trades in multi-day highs past 138.00 at the beginning of the week.

Extra gains now appear on the cards in the very near tern with the next target at the round level at 139.00 ahead of the 2022 high around 140.00 (April 21). Further up is seen the June 2015 peak at 141.05.

In the meantime, while above the 200-day SMA at 130.91, the outlook for the cross is expected to remain constructive.

EUR/JPY daily chart