EUR/JPY Outlook (18 June 2021)
JUN 18, 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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