Euro / Japanese Yen
Short

EUR/JPY Outlook (21 January 2022)

199
Overall, EUR/JPY is ranging across. Recently, EUR/JPY traded into the support zone of 128.800.

The eurozone CPI y/y data released indicated no revision on inflation data from its preliminary release.
  • Final CPI y/y (Actual: 5.0%, Forecast: 5.0%, Previous: 5.0%)
  • Final Core CPI y/y (Actual: 2.6%, Forecast: 2.6%, Previous: 2.6%)


European Central Bank Chairman Lagarde will be speaking later at 2030 (GMT+8). During this time, there may be volatility in EUR.

Currently, EUR/JPY is testing the support zone of 128.800 and the next resistance zone is at 130.000.
Look for short-term selling opportunities of EUR/JPY if it breaks the support zone of 128.800.

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