2020-08-20 16:42
Market analysisEUR/JPY Outlook (20 August 2020)
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Market analysis：
Overall, EUR/JPY is trending upwards. Recently, EUR/JPY has been ranging across.
The eurozone final CPI y/y data released yesterday confirms the preliminary release of the CPI y/y data earlier this month that annual inflation in the eurozone is rising.
-Final CPI y/y (Actual: 0.4%, Forecast: 0.4%, Previous: 0.3%)
-Final Core CPI y/y (Actual: 1.2%, Forecast: 1.2%, Previous: 1.2%)
The European Central Bank (ECB) will be releasing the minutes of the recent monetary policy meeting later at 1930 (SGT).
The Japanese Flash Manufacturing PMI data (Forecast: 45.0, Previous: 45.2 revised 42.6) will be released tomorrow at 0830 (SGT).
EUR/JPY’s next support zone is at 124.200 and the next resistance zone is at 126.500.
Look for short-term buying opportunities of EUR/JPY up until the release of the minutes by the ECB at 1930 (SGT).
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EUR/JPY Outlook (20 August 2020)
Singapore | 2020-08-20 16:42Overall, EUR/JPY is trending upwards. Recently, EUR/JPY has been ranging across.
The eurozone final CPI y/y data released yesterday confirms the preliminary release of the CPI y/y data earlier this month that annual inflation in the eurozone is rising.
-Final CPI y/y (Actual: 0.4%, Forecast: 0.4%, Previous: 0.3%)
-Final Core CPI y/y (Actual: 1.2%, Forecast: 1.2%, Previous: 1.2%)
The European Central Bank (ECB) will be releasing the minutes of the recent monetary policy meeting later at 1930 (SGT).
The Japanese Flash Manufacturing PMI data (Forecast: 45.0, Previous: 45.2 revised 42.6) will be released tomorrow at 0830 (SGT).
EUR/JPY’s next support zone is at 124.200 and the next resistance zone is at 126.500.
Look for short-term buying opportunities of EUR/JPY up until the release of the minutes by the ECB at 1930 (SGT).
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