EUR/JPY Outlook (09 September 2020)

Overall, EUR/JPY is ranging across. Recently, EUR/JPY moved lower into the support zone of 124.600.

The eurozone quarterly final employment change data released yesterday indicated a slight downwards revision in employment change and a slight improvement in the economic growth.

• Final Employment Change q/q (Actual: -2.9%, Forecast: -2.8%, Previous: -2.8%)
  
• Revised GDP q/q (Actual: -11.8%, Forecast: -12.1%, Previous: -12.1%)
  

Currently, EUR/JPY is testing the support zone of 124.600 and the next resistance zone is at 126.700.
Look for selling opportunities of EUR/JPY if it breaks the support zone of 124.600.