EUR/JPY Outlook (31 August 2021)

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EUR/JPY Outlook (31 August 2021)

ByJin Dao Tai

 AUG 31, 2021

EUR/JPY Outlook (31 August 2021)

Overall, EUR/JPY is ranging across.

The eurozone CPI flash estimate y/y data will be released later at 1700 (GMT+8).

  • CPI Flash Estimate y/y (Forecast: 2.7%Previous: 2.2%)
  • Core CPI Flash Estimate y/y (Forecast: 1.5%Previous: 0.7%)

Currently, EUR/JPY is moving towards the resistance zone of 130.000 and the next support zone is at 128.500.

Look for buying opportunities of EUR/JPY if it breaks the resistance zone of 130.000.

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