EUR/JPY Price Analysis: Extra gains look likely above 140.00

• EUR/JPY pushes higher and visits the boundaries of 140.00.
• Beyond 140.00 the cross should challenge 141.05.

EUR/JPY keeps the rally well and sound and trades at shouting distance from the YTD peak at 140.00 (April 21).

The surpass of the 2002 peak should motivate the cross to shift its attention to the June 2015 high at 141.05.

In the meantime, while above the 2-month support line near 135.30, the short-term outlook for the cross should remain bullish.

EUR/JPY daily chart