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2020-07-14 18:00

Market analysisEUR/JPY Outlook (14 July 2020)
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Market analysis:
Overall, EUR/JPY is ranging across. Recently, EUR/JPY trended higher into the resistance zone of 121.700.   French banks will be closed today in observance of National Day. Expect lower trading volume and volatility during the European market session.   The Bank of Japan (BoJ) will be announcing their interest rate decision tomorrow at a tentative timing. It is expected that the central bank will be holding interest rate unchanged at -0.10%. With the recent resurgence of COVID-19 cases in Tokyo, the BoJ Outlook Report will indicate the central bank’s view on the current situation in Japan and may provide more clues on whether they intend to carry out more easing measures.   Currently, EUR/JPY is testing the resistance zone of 121.700 and the next support zone is at 119.500 and the next. Look for short-term selling opportunities of EUR/JPY.
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EUR/JPY Outlook (14 July 2020)
Hong Kong | 2020-07-14 18:00
Overall, EUR/JPY is ranging across. Recently, EUR/JPY trended higher into the resistance zone of 121.700.   French banks will be closed today in observance of National Day. Expect lower trading volume and volatility during the European market session.   The Bank of Japan (BoJ) will be announcing their interest rate decision tomorrow at a tentative timing. It is expected that the central bank will be holding interest rate unchanged at -0.10%. With the recent resurgence of COVID-19 cases in Tokyo, the BoJ Outlook Report will indicate the central bank’s view on the current situation in Japan and may provide more clues on whether they intend to carry out more easing measures.   Currently, EUR/JPY is testing the resistance zone of 121.700 and the next support zone is at 119.500 and the next. Look for short-term selling opportunities of EUR/JPY.

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