Overall, EUR/JPY is ranging across. Recently, EUR/JPY traded into the resistance zone of 131.500.
The eurozone ZEW Economic Sentiment data (Actual: 48.6, Forecast: 54.4, Previous: 49.4) released yesterday indicated a further decline in the surveyed investors and analysts’ sentiment on the economic outlook for eurozone.
The eurozone flash employment change q/q data released yesterday indicated a slowdown in the number of jobs added into the eurozone economy during the fourth quarter of 2021. The flash GDP q/q data released showed continued expansion in the eurozone economy at the same pace.
Currently, EUR/JPY is testing the resistance zone of 131.500 and the next support zone is at 130.000.
Look for short-term buying opportunities of EUR/JPY if it breaks the resistance zone of 131.500.
The eurozone ZEW Economic Sentiment data (Actual: 48.6, Forecast: 54.4, Previous: 49.4) released yesterday indicated a further decline in the surveyed investors and analysts’ sentiment on the economic outlook for eurozone.
The eurozone flash employment change q/q data released yesterday indicated a slowdown in the number of jobs added into the eurozone economy during the fourth quarter of 2021. The flash GDP q/q data released showed continued expansion in the eurozone economy at the same pace.
- Flash employment change q/q (Actual: 0.5%, Forecast: 1.0%, Previous: 1.0% revised from 0.9%)
- Flash GDP q/q (Actual: 0.3%, Forecast: 0.3%, Previous: 0.3%)
Currently, EUR/JPY is testing the resistance zone of 131.500 and the next support zone is at 130.000.
Look for short-term buying opportunities of EUR/JPY if it breaks the resistance zone of 131.500.
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