EUR/JPY Price Analysis: Extra losses expected below 142.50

• EUR/JPY adds to Monday’s retracement and revisits 143.00.
• Further decline could see the mid-142.00s revisited near term.

EUR/JPY extends the pessimism seen at the beginning of the week and puts the 143.00 area to the test on Tuesday.

In case the selling pressure gathers extra steam, then the cross could attempt a move to the November low at 142.54 (November 11) ahead of the temporary 100-day SMA, today at 141.62.

In the longer run, while above the key 200-day SMA at 138.89, the positive outlook is expected to remain unchanged.

EUR/JPY daily chart