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EUR/JPY Outlook (05 May 2021)

FX:EURJPY   Euro / Japanese Yen
Overall, EUR/JPY is trending upwards.

The European Central Bank will be releasing their economic forecasts today at a tentative timing.

Japanese banks will be closed today in observance of Children’s Day. Expect lower trading volatility and volume during the usual Japanese market hours.

The Bank of Japan will be releasing the minutes for the previous monetary policy meeting tomorrow at 0750 (SGT).

EUR/JPY’s next support zone is at 130.800 and the next resistance zone is at 132.800.
Look for short-term buying opportunities of EUR/JPY.

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