Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
NZDJPY
NZD/JPY firmed to the pairs highest level since H1 2015 on Friday as higher US Yields and an unchanged BoJ pressured the Yen. Gains have been marginally pared in early trade on Monday.
- The pair rose ~1.2% on Friday, and last prints at ¥88.40/50. We sit ~10% above year to date lows registered in mid-March.
- Bulls now target the ¥89 handle, a break through here opens ¥90.48 a Fibonacci projection
- On the downside bears first target a break of the low from June 16 (¥87.27), this opens the 20-Day EMA at ¥85.99.
Fig 1: NZD/JPY Daily Spot, EMAs
Source: MNI/Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok