EUR/JPY Outlook (07 October 2021)
ByJin Dao Tai
OCT 7, 2021
Overall, EUR/JPY is ranging across. Recently, EUR/JPY traded into the support zone of 128.500.
The eurozone Retail Sales m/m data (Actual: 0.3%, Forecast: 0.7%, Previous: -2.6% revised from -2.3%) released yesterday indicated a recovery in consumer spending in August from the previous month.
The European Central Bank will be releasing its minutes for the most recent monetary policy meeting later at 1930 (GMT+8).
Currently, EUR/JPY is bouncing off the support zone of 128.500 and the next resistance zone is at 130.000.
Look for short-term buying opportunities of EUR/JPY.
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