Euro / Japanese Yen
Long

EUR/JPY Outlook (02 March 2022)

206
Overall, EUR/JPY is ranging across. Recently, EUR/JPY broke the support zone of 128.800.

The eurozone CPI flash estimate y/y data will be released later at 1800 (GMT+8).
- CPI Flash Estimate y/y (Forecast: 5.6%, Previous: 5.1%)
- Core CPI Flash Estimate y/y (Forecast: 2.6%, Previous: 2.3%)

Currently, EUR/JPY is bouncing up from the support zone of 127.500 and the next resistance zone is at 128.000.
Look for short-term buying opportunities of EUR/JPY.

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