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Overall, EUR/JPY is trending downwards. Recently, EUR/JPY has been ranging across. The European Central Bank President Christine Lagarde will be delivering introductory statement at the ECON committee of the European Parliament in Brussels later at 2145 (SGT). During this time, there may be volatility in EUR. 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.