EUR/JPY Outlook (31 August 2021)

#OPINIONLEADER#

ByJin Dao Tai

 AUG 31, 2021

Overall, EUR/JPY is ranging across.

The eurozone CPI flash estimate y/y data will be released later at 1700 (GMT+8).

• CPI Flash Estimate y/y (Forecast: 2.7%, Previous: 2.2%)
• Core CPI Flash Estimate y/y (Forecast: 1.5%, Previous: 0.7%)

Currently, EUR/JPY is moving towards the resistance zone of 130.000 and the next support zone is at 128.500.

Look for buying opportunities of EUR/JPY if it breaks the resistance zone of 130.000.