ByJin Dao Tai
JUL 2, 2021
Overall, EUR/JPY is ranging across.
During her speech yesterday, European Central Bank President Lagarde expressed optimism in the economic outlook of eurozone, highlighting that the speedy progress in vaccination programmes has lowered the chance of facing severe scenarios. This led to the strengthening of EUR during the day.
European Central Bank President Lagarde will be speaking later at 2030 (GMT+8). During this time, there may be volatility in EUR.
Currently, EUR/JPY is testing the resistance zone of 132.000 and the next support zone is at 130.000.
Look for short-term buying opportunities of EUR/JPY if it breaks the resistance zone of 132.000.
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