EUR/JPY Outlook (21 May 2021)
ByJin Dao Tai
MAY 21, 2021
Overall, EUR/JPY is trending upwards.
The French flash PMI data will be released later at 1515 (SGT).
- French Flash Manufacturing PMI (Forecast: 58.6, Previous: 58.9 revised from 59.2)
- French Flash Service PMI (Forecast: 53.0, Previous: 50.3 revised from 50.4)
The German Flash PMI data will be released later at 1530 (SGT).
- German Flash Manufacturing PMI (Forecast: 66.0, Previous: 66.2 revised from 66.4)
- German Flash Services PMI (Forecast: 52.0, Previous: 49.9 revised from 50.1)
The eurozone flash PMI data will be released later at 1600 (SGT).
- Flash Manufacturing PMI (Forecast: 62.5, Previous: 62.9 revised from 63.3)
- Flash Services PMI (Forecast: 52.5, Previous: 50.5 revised from 50.3)
European Central Bank President Lagarde will be speaking later at 1900 (SGT). During this time, there may be volatility in EUR.
The eurozone Consumer Confidence data (Forecast: -7, Previous: -8) will be released later at 2200 (SGT).
Currently, EUR/JPY is bouncing off the support zone of 132.800 and the next resistance zone is at 134.300.
Look for buying opportunities of EUR/JPY.
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