EUR/JPY Outlook (07 June 2021)
ByJin Dao Tai
JUN 7, 2021
Overall, EUR/JPY is trending upwards.
The eurozone Retail Sales m/m data (Actual: -3.1%, Forecast: -1.4%, Previous: 3.3% revised from 2.7%) released last Friday indicated a decline in consumer spending in April.
Currently, EUR/JPY is moving towards the support zone of 132.800 and the next resistance zone is at 134.300.
Look for buying opportunities of EUR/JPY if it bounced off the support zone of 132.800.
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