Jin_LCMSTraders

EUR/JPY Outlook (05 August 2020)

FX:EURJPY   Euro / Japanese Yen
Overall, EUR/JPY is trending upwards. Recently, EUR/JPY bounced off the support zone of 124.200.

The eurozone Final Services PMI data (Forecast: 55.1, Previous: 55.1) will be released later at 1600 (SGT).

Also, the eurozone Retail Sales m/m data (Forecast: 6.5%, Previous: 17.8%) will be released later at 1630 (SGT).

Bank of Japan Governor Kuroda will be speaking at a webinar later at 2000 (SGT). During this time, there may be volatility in JPY.

EUR/JPY next support zone of 124.200 and the next resistance zone is at 126.500.
Look for buying opportunities of EUR/JPY .

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