Overall, EUR/JPY is ranging across.

In the released minutes for the recent monetary policy meeting, the Bank of Japan highlighted that it will carry out more monetary policy easing if necessary.

The European Central Bank President Lagarde will be speaking later at 2000 (GMT+8). During this time, there may be volatility in EUR.

Currently, EUR/JPY is bouncing off the resistance zone of 130.000 and the next support zone is at 128.500.
Look for short-term selling 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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By Jin Dao Tai

JinDao Tai is an Entrepreneur, Award-Winning Forex Coach & Trainer, International Speaker and Multi-Million Dollar Trader. Starting out his career as an economic & financial consultant in Australia, one day he decided to change his life and pivoted into multiple entrepreneurship endeavours and eventually into managing a multi-million dollar portfolio.

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