EUR - BULLISH
1️⃣ The ECB policy meeting minutes showed officials agreed that headline inflation was at a very low level and that it continued to be distant from the central bank's target.
2️⃣ The IHS Markit Euro Area Manufacturing PMI jumped to 57.7 in February of 2021 from 54.8 in January, beating forecasts of 54.3, a preliminary estimates showed.
JPY - BEARISH
1️⃣ The yield on the benchmark US 10-year Treasury note remained around 1.3% on Friday, close to near 1-year high of 1.33% touched on Wednesday.
2️⃣ Risk-on tone weighing on the safe-haven JPY.
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Technical
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We are looking to buy the EURJPY on the support + above SMA 50 on the H1 chart.
1️⃣ The ECB policy meeting minutes showed officials agreed that headline inflation was at a very low level and that it continued to be distant from the central bank's target.
2️⃣ The IHS Markit Euro Area Manufacturing PMI jumped to 57.7 in February of 2021 from 54.8 in January, beating forecasts of 54.3, a preliminary estimates showed.
JPY - BEARISH
1️⃣ The yield on the benchmark US 10-year Treasury note remained around 1.3% on Friday, close to near 1-year high of 1.33% touched on Wednesday.
2️⃣ Risk-on tone weighing on the safe-haven JPY.
=====
Technical
=====
We are looking to buy the EURJPY on the support + above SMA 50 on the H1 chart.