Overall, EUR/JPY is ranging across. Recently, EUR/JPY broke the resistance zone of 130.000.

European Central Bank President Lagarde will be speaking later at the ECB Forum on Central Banking at 2345 (GMT+8). During this time, there may be volatility in EUR.
Also, Bank of Japan Governor Kuroda will be speaking later at the ECB Forum on Central Banking at 2345 (GMT+8). During this time, there may be volatility in JPY.

The Japanese Retail Sales y/y data (Forecast: -0.9%, Previous: 2.4%) will be released tomorrow at 0750 (GMT+8).

EUR/JPY’s next support zone is at 130.000 and the next resistance zone is at 132.000.
Look for short-term buying 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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