Originally Updated: 06:19am
Currency Pair: NZD/JPY
Sentiment: Bullish
Market focus:
In today’s trade set up we will be focussing on short term buying opportunities on the NZD/JPY.
Fundamentals:
The yen continued to plummet across the board as BOJ Governor Kuroda said he saw no limit to what steps the central bank could take in its goal to achieve their target inflation rate of 2%.
Looking across to New Zealand we have seen positive employment figures overnight which helped boost the Kiwi. Good trading opportunities should be found in the NZD/JPY for the session ahead.
Technicals:
We have a nice confluence zone at 88.35-88.20. This should offer short term resistance for any pullback.
Stop loss could be placed at 87.85
Take profit target: 88.80
Currency Pair: NZD/JPY
Sentiment: Bullish
Market focus:
In today’s trade set up we will be focussing on short term buying opportunities on the NZD/JPY.
Fundamentals:
The yen continued to plummet across the board as BOJ Governor Kuroda said he saw no limit to what steps the central bank could take in its goal to achieve their target inflation rate of 2%.
Looking across to New Zealand we have seen positive employment figures overnight which helped boost the Kiwi. Good trading opportunities should be found in the NZD/JPY for the session ahead.
Technicals:
We have a nice confluence zone at 88.35-88.20. This should offer short term resistance for any pullback.
Stop loss could be placed at 87.85
Take profit target: 88.80
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