EUR/JPY Outlook (01 July 2021)

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EUR/JPY Outlook (01 July 2021)

ByJin Dao Tai

 JUL 1, 2021

EUR/JPY Outlook (01 July 2021)

Overall, EUR/JPY is ranging across.

The eurozone CPI flash estimate y/y data released yesterday indicated a slight decline in annual inflation in June.

  • CPI Flash Estimate y/y (Actual: 1.9%Forecast: 1.9%Previous: 2.0%)
  • Core CPI Flash Estimate y/y (Actual: 0.9%Forecast: 0.9%Previous: 1.0%)

European Central Bank President Lagarde will be speaking later at 1500 (GMT+8). During this time, there may be volatility in euro.

Currently, EUR/JPY is moving towards the resistance zone of 132.000 and the next support zone is at 130.000.

Look for selling opportunities of EUR/JPY if it bounces off the resistance zone of 132.000.


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