ByJin Dao Tai
APR 29, 2021
Overall, EUR/JPY is trending upwards.
Japanese banks will be closed today in observance of Showa Day. Lower trading volatility and volume is expected during the usual Japanese market session.
The Japanese Unemployment Rate data (Forecast: 2.9%, Previous: 2.9%) will be released tomorrow at 0730 (SGT).
The German Preliminary CPI m/m data (Forecast: 0.5%, Previous: 0.5%) will be released today at a tentative timing.
Also, the German Unemployment Change data (Forecast: -10K, Previous: -8K) will be released later at 1555 (SGT).
EUR/JPY’s next support zone is at 130.800 and the next resistance zone is at 132.800.
Look for buying opportunities of EUR/JPY.
Be sure to follow me on Twitter at @jdtai and on TradingView at Jin_LCMSTraders for my latest post!
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