The EUR/JPY pair was supported by the upper band of the daily Ichimoku cloud on Monday, however, with the top-tier economic data coming up, we are getting mixed signals for the pair. After China’s data dump during the Asian session today, we’ll kick off the London session with German Gross Domestic Product (3Q) at 7 AM GMT, followed by Italian Gross Domestic Product (3Q P) at 9 AM. The UK will release their Consumer Price Index (OCT) at 9:30, and then the Euro crosses could get another hit as Euro-Zone ZEW Survey (Economic Sentiment) (NOV) and Euro-Zone Gross Domestic Product (3Q P) are released at 10 AM. At the same time, Fed head Janet Yellen Yellen speaks on ECB Panel with ECB’s Draghi, BOJ’s Kuroda, and BOE’s Carney. If all this is not enough to create wild movements in the EUR/JPY pair, we still have Japan’s Nominal Gross Domestic Product (3Q P) during the next day’s Asian session at 11:50 PM GMT. Thanks for watching, invest responsibly and I wish you the best of luck making pips by trading forex.
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