#OPINIONLEADER#

ByJin Dao Tai

 MAY 21, 2021

Overall, EUR/JPY is trending upwards.

The French flash PMI data will be released later at 1515 (SGT).

• French Flash Manufacturing PMI (Forecast: 58.6, Previous: 58.9 revised from 59.2)
• French Flash Service PMI (Forecast: 53.0, Previous: 50.3 revised from 50.4)

The German Flash PMI data will be released later at 1530 (SGT).

• German Flash Manufacturing PMI (Forecast: 66.0, Previous: 66.2 revised from 66.4)
• German Flash Services PMI (Forecast: 52.0, Previous: 49.9 revised from 50.1)

The eurozone flash PMI data will be released later at 1600 (SGT).

• Flash Manufacturing PMI (Forecast: 62.5, Previous: 62.9 revised from 63.3)
• Flash Services PMI (Forecast: 52.5, Previous: 50.5 revised from 50.3)

European Central Bank President Lagarde will be speaking later at 1900 (SGT). During this time, there may be volatility in EUR.

The eurozone Consumer Confidence data (Forecast: -7, Previous: -8) will be released later at 2200 (SGT).

Currently, EUR/JPY is bouncing off the support zone of 132.800 and the next resistance zone is at 134.300.

Look for buying opportunities of EUR/JPY.