NZD/JPY Price Analysis: Cross extends losses and falls to lows since mid-June

NZD/JPY continued its significant decline in Friday's session.
The bearish activity remains with the pair below the crucial 20-day SMA, suggesting persistent control by the bears.
Indicators in negative terrain now signal a bearish short-term outlook for the pair.

Patricio Martín FXStreet

During Friday's trading session, the NZD/JPY pair continued its substantial drop from Thursday, recording a further loss of 0.20% and settling at 96.65. The pair remains well below the 20-day Simple Moving Average (SMA) of 97.80, reinforcing the bearish outlook in the short term.

The daily chart signals sustained negative conditions. The Relative Strength Index (RSI) improved slightly from Thursday's session but still remains in the negative territory at 40, indicating a continued declining market momentum. The Moving Average Convergence Divergence (MACD) concurs with this scenario, printing rising red bars indicative of rising selling activity.

NZD/JPY daily chart

Bearing in mind the bearish momentum, immediate support levels lie at 96.50 96.00, and 95.50. Breaking these points would further validate the bearish perspective. On the other hand, resistance encounters are expected at past support levels of 97.00, 97.70 (20-day SMA), and the critical level of 98.00.

Author

Patricio Martín

FXStreet

Patricio is an economist from Argentina passionate about global finance and understanding the daily movements of the markets.

AUD/USD holds firm near 0.7000 after Chinese inflation, trade data

AUD/USD stays firm near 0.7000 in Wednesday’s Asian session, picking up some bids after China's mixed inflation and upbeat trade data. CPI rose less than expected in September, while PPI inflation picked up. Meanwhile, the Chinese trade surplus unexpectedly widened in September. The pair remains underpinned by a broadly subdued US Dollar, despite the Middle East escalation, as focus remains on US CPI data.

USD/JPY consolidates near 158.50; looks to US CPI for fresh impetus

USD/JPY stays range-bound near 158.50 in the Asian session on Wednesday, with looming intervention risks supporting the Japanese Yen and capping upside amid a softer US Dollar. However, geopolitical uncertainties act as a tailwind for the safe-haven USD and the pair. Traders also seem hesitant ahead of the release of the latest US inflation figures.

Gold remains offered below $4,100

Gold adds to the weekly bearish tone and slips back below the $4,100 mark per troy ounce on Wednesday. Indeed, the precious metal continues to suffer the stronger US Dollar and rising US Treasury yields as bets for extra tightening by the Fed remain on the rise following US inflation figures.

XRP recovery faces headwinds despite Ripple and Meritz Securities' tokenization push in Korea

XRP trades above $1.36 as bulls gather momentum to face a critical supply range toward $1.40. Ripple and Meritz Securities partner to explore institutional custody and tokenization services for South Korea’s capital markets.

China's rare earth leverage has an expiration date: November 10. Here's what Beijing is deciding

China is approaching a major strategic deadline in its trade confrontation with the United States (US). On November 10, the suspension of additional rare earth export restrictions Beijing announced in October 2025 is set to expire.

Has Bitcoin really escaped the macro forces it was built to fight?

Over 17 years ago, Satoshi Nakamoto designed Bitcoin (BTC) on the back of a global financial crisis as an alternative to the global monetary system outside the control of central banks, governments and traditional intermediaries. This raises a key question: has Bitcoin really become independent of the macroeconomic forces it was built to challenge?