EUR/JPY Outlook (18 June 2021)

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EUR/JPY Outlook (18 June 2021)

ByJin Dao Tai

 JUN 18, 2021

EUR/JPY Outlook (18 June 2021)

Overall, EUR/JPY is ranging across. Recently, EUR/JPY broke the key support zone of 132.800.

The eurozone final CPI y/y data released yesterday indicated little change in the final release of the CPI data.

  • Final CPI y/y (Actual: 2.0%Forecast: 2.0%Previous: 2.0%)
  • Final Core CPI y/y (Actual: 1.0%Forecast: 0.9%Previous: 0.9%)

Currently, EUR/JPY is moving towards the key level of 131. Its next support zone is at 130.800 and the next resistance zone is at 132.800.

Look for selling opportunities of EUR/JPY if it breaks the support zone of 130.800.

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