Overall, EUR/JPY is trending upwards. Recently, EUR/JPY trended into the resistance zone of 131.500.
The eurozone CPI flash estimate y/y data released last Friday indicated that inflation in the eurozone hit a new record high mainly driven by higher energy prices.
The eurozone Unemployment Rate data (Forecast: TBA, Previous: 7.3%) will be released later at 1800 (GMT+8).
Currently, EUR/JPY is testing the resistance zone of 131.500 and the next support zone is at 130.000.
Look for short-term selling opportunities of EUR/JPY if it rejects the resistance zone of 131.500.
The eurozone CPI flash estimate y/y data released last Friday indicated that inflation in the eurozone hit a new record high mainly driven by higher energy prices.
- CPI Flash Estimate y/y (Actual: 5.0%, Forecast: 4.8%, Previous: 4.9%)
- Core CPI Flash Estimate y/y (Actual: 2.6%, Forecast: 2.5%, Previous: 2.6%)
The eurozone Unemployment Rate data (Forecast: TBA, Previous: 7.3%) will be released later at 1800 (GMT+8).
Currently, EUR/JPY is testing the resistance zone of 131.500 and the next support zone is at 130.000.
Look for short-term selling opportunities of EUR/JPY if it rejects the resistance zone of 131.500.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join my mailing list jindaotai.com/joinme
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.