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Overall, EUR/JPY is trending downwards. Recently, EUR/JPY has been ranging across. The German Preliminary CPI m/m data (Forecast: -0.1%, Previous: -0.1%) will be released today at a tentative timing. EUR/JPY’s next support zone is at 121.700 and the next resistance zone is at 124.600. Look for short-term selling opportunities of EUR/JPY.