EUR/JPY Outlook (21 February 2022)

Overall, EUR/JPY is ranging across. Recently, EUR/JPY traded into the support zone of 130.000.

The French flash PMI data will be released later at 1615 (SGT).

• French Flash Manufacturing PMI (Forecast: TBA, Previous: 55.5)
  
• French Flash Service PMI (Forecast: TBA, Previous: 53.1)
  
• The German Flash PMI data will be released later at 1630 (SGT).
  

German Flash Manufacturing PMI (Forecast: TBA, Previous: 59.8 revised from 60.5)

*German Flash Services PMI (Forecast: TBA, Previous: 52.2)
*The eurozone flash PMI data will be released later at 1700 (SGT).

Flash Manufacturing PMI (Forecast: TBA, Previous: 58.7 revised from 59.0)
Flash Services PMI (Forecast: TBA, Previous: 51.1 revised from 51.2)
Currently, EUR/JPY is testing the support zone of 130.000 and the next resistance zone is at 131.500.
Look for short-term selling opportunities of EUR/JPY if it breaks the support zone of 130.000.