2020-07-20 18:07
Market analysisEUR/JPY Outlook (20 July 2020)
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Market analysis：
Overall, EUR/JPY is trending upwards. Recently, EUR/JPY bounced up from the key level of 122.
The eurozone Final CPI y/y data released last Friday confirmed the data of the preliminary release.
-Final CPI y/y (Actual: 0.3%, Forecast: 0.3%, Previous: 0.3%)
-Final Core CPI y/y (Actual: 0.8%, Forecast: 0.8%, Previous: 0.8%)
After the three days EU Economic Summit, leaders of the 27 EU nations stood at an impasse with no progress being made on the discussion of the 750 billion euros in grants and loans set aside to help ease the impact of COVID-19.
The Japanese National Core CPI y/y data (Forecast: -0.1%, Previous: -0.2%) will be released tomorrow at 0730 (SGT).
EUR/JPY’s next support zone is at 121.700 and the next resistance zone is at 124.200.
Look for short-term buying opportunities of EUR/JPY.
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EUR/JPY Outlook (20 July 2020)
Australia | 2020-07-20 18:07Overall, EUR/JPY is trending upwards. Recently, EUR/JPY bounced up from the key level of 122.
The eurozone Final CPI y/y data released last Friday confirmed the data of the preliminary release.
-Final CPI y/y (Actual: 0.3%, Forecast: 0.3%, Previous: 0.3%)
-Final Core CPI y/y (Actual: 0.8%, Forecast: 0.8%, Previous: 0.8%)
After the three days EU Economic Summit, leaders of the 27 EU nations stood at an impasse with no progress being made on the discussion of the 750 billion euros in grants and loans set aside to help ease the impact of COVID-19.
The Japanese National Core CPI y/y data (Forecast: -0.1%, Previous: -0.2%) will be released tomorrow at 0730 (SGT).
EUR/JPY’s next support zone is at 121.700 and the next resistance zone is at 124.200.
Look for short-term buying opportunities of EUR/JPY.
Forex
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