Overall, EUR/JPY is ranging across.
The series of eurozone flash PMI data releases yesterday indicated that business activities continue to expand. Also, the services sector in Germany has rebounded from contraction into expansion.
- French Flash Manufacturing PMI (Actual: 53.1, Forecast: TBA, Previous: 55.6 revised from 54.9)
- French Flash Service PMI (Actual: 55.5, Forecast: TBA, Previous: 57.0 revised from 57.1)
- German Flash Manufacturing PMI (Actual: 60.5, Forecast: TBA, Previous: 57.4 revised from 57.9)
- German Flash Services PMI (Actual: 52.2, Forecast: TBA, Previous: 48.7 revised from 48.4)
- Flash Manufacturing PMI (Actual: 59.0, Forecast: TBA, Previous: 58.0)
- Flash Services PMI (Actual: 51.2, Previous: 53.1 revised from 53.3)
Currently, EUR/JPY is testing the support zone of 128.800 and the next resistance zone is at 130.000.
Look for short-term selling opportunities of EUR/JPY if it breaks the support zone of 128.800.
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