2020-08-28 17:04
Market analysisEUR/JPY Outlook (28 August 2020)
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Market analysis：
Overall, EUR/JPY is trending upwards.
The French preliminary CPI m/m and GDP q/q data will be released later at 1445 (SGT).
-French Preliminary CPI m/m (Forecast: -0.2%, Previous: 0.4%)
-French Preliminary GDP q/q (Forecast: -13.8%, Previous: -13.8%)
Japanese Prime Minister Shinzo Abe will be holding a press conference today from 1600 (SGT). The Prime Minister is expected to announce new measures against COVID-19. He is also expected to address concerns about his health.
Today is the second day of the Jackson Hole Symposium. During this time, volatility is expected.
Currently, EUR/JPY is moving towards the resistance zone of 126.500 and the next support zone is at 124.200.
Look for short-term buying opportunities of EUR/JPY if it breaks the resistance zone of 126.500.
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EUR/JPY Outlook (28 August 2020)
Singapore | 2020-08-28 17:04Overall, EUR/JPY is trending upwards.
The French preliminary CPI m/m and GDP q/q data will be released later at 1445 (SGT).
-French Preliminary CPI m/m (Forecast: -0.2%, Previous: 0.4%)
-French Preliminary GDP q/q (Forecast: -13.8%, Previous: -13.8%)
Japanese Prime Minister Shinzo Abe will be holding a press conference today from 1600 (SGT). The Prime Minister is expected to announce new measures against COVID-19. He is also expected to address concerns about his health.
Today is the second day of the Jackson Hole Symposium. During this time, volatility is expected.
Currently, EUR/JPY is moving towards the resistance zone of 126.500 and the next support zone is at 124.200.
Look for short-term buying opportunities of EUR/JPY if it breaks the resistance zone of 126.500.
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