EUR/JPY Outlook (23 June 2021)
JUN 23, 2021
Overall, EUR/JPY is trending downwards. Recently, EUR/JPY broke above the key level of 132.
The eurozone Consumer Confidence data (Actual: -3, Forecast: -4, Previous: -5) released yesterday indicated a slight decline in the level of pessimism of the surveyed consumers on the eurozone economy.
The French flash PMI data will be released later at 1515 (SGT).
- French Flash Manufacturing PMI (Forecast: 59.0, Previous: 59.4 revised from 59.2)
- French Flash Service PMI (Forecast: 59.6, Previous: 56.6 revised from 50.4)
The German Flash PMI data will be released later at 1530 (SGT).
- German Flash Manufacturing PMI (Forecast: 63.0, Previous: 64.2 revised from 64.0)
- German Flash Services PMI (Forecast: 55.8, Previous: 52.8)
The eurozone flash PMI data will be released later at 1600 (SGT).
- Flash Manufacturing PMI (Forecast: 62.4, Previous: 63.1 revised from 62.8)
- Flash Services PMI (Forecast: 58.1, Previous: 55.2 revised from 55.1)
European Central Bank President Lagarde will be speaking tomorrow at 0000 (GMT+8).
During this time, there may be volatility in EUR.
EUR/JPY’s next support zone is at 130.800 and the next resistance zone is at 132.800.
Look for short-term buying opportunities of EUR/JPY.
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