Overall, EUR/JPY is trending upwards.
The eurozone Retail Sales m/m data (Actual: 2.7%, Forecast: 1.5%, Previous: 4.2% revised from 3.0%) released yesterday indicated a slowdown in consumer spending in March.
European Central Bank President Lagarde will be speaking later at 1800 (SGT). During this time, there may be volatility in EUR.
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.
The eurozone Retail Sales m/m data (Actual: 2.7%, Forecast: 1.5%, Previous: 4.2% revised from 3.0%) released yesterday indicated a slowdown in consumer spending in March.
European Central Bank President Lagarde will be speaking later at 1800 (SGT). During this time, there may be volatility in EUR.
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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