2020-09-16 18:28
Market analysisEUR/JPY Outlook (16 September 2020)
Related product：
Forex,Others,Others,Others,Others,Others
Market analysis：
Overall, EUR/JPY is ranging across. Overall, EUR/JPY moved lower into the support zone of 124.600.
The Bank of Japan (BoJ) will be announcing their interest rate decision tomorrow at a tentative timing. It is expected that the central bank will be holding interest rate unchanged at -0.10% while no new monetary policy changes will be carried out. A press conference will also be held at a tentative timing after the announcement.
The German ZEW Economic Sentiment data (Actual: 77.4, Forecast: 69.7, Previous: 71.5) released yesterday indicated an unexpected increase in investors’ level of optimism in the German economy.
Currently, EUR/JPY is testing the support zone of 124.600 and the next resistance zone is at 126.700.
Look for selling opportunities of EUR/JPY if it breaks the support zone of 124.600.
Like 0
Jin_Forex
ट्रेडर
Hot content
Industry
Event-A comment a day,Keep rewards worthy up to$27
Industry
Nigeria Event Giveaway-Win₦5000 Mobilephone Credit
Industry
Nigeria Event Giveaway-Win ₦2500 MobilePhoneCredit
Industry
South Africa Event-Come&Win 240ZAR Phone Credit
Industry
Nigeria Event-Discuss Forex&Win2500NGN PhoneCredit
Industry
[Nigeria Event]Discuss&win 2500 Naira Phone Credit
Forum category
Platform
Exhibition
Agent
Recruitment
EA
Industry
Market
Index
EUR/JPY Outlook (16 September 2020)
Singapore | 2020-09-16 18:28Overall, EUR/JPY is ranging across. Overall, EUR/JPY moved lower into the support zone of 124.600.
The Bank of Japan (BoJ) will be announcing their interest rate decision tomorrow at a tentative timing. It is expected that the central bank will be holding interest rate unchanged at -0.10% while no new monetary policy changes will be carried out. A press conference will also be held at a tentative timing after the announcement.
The German ZEW Economic Sentiment data (Actual: 77.4, Forecast: 69.7, Previous: 71.5) released yesterday indicated an unexpected increase in investors’ level of optimism in the German economy.
Currently, EUR/JPY is testing the support zone of 124.600 and the next resistance zone is at 126.700.
Look for selling opportunities of EUR/JPY if it breaks the support zone of 124.600.
Forex
Others
Others
Others
Others
Others
Like 0
I want to comment, too
Submit
0Comments
There is no comment yet. Make the first one.
Submit
There is no comment yet. Make the first one.