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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).