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Holds Gains, Outperforming

NZD

NZD/USD prints at $6440/45, ~0.3% firmer in today's trading, NZD is the strongest performer in G10 space at the margins.

  • The pair has held onto yesterday's gains, dealing in a $0.6420/45 range. Pullback from session highs in USD/JPY has pressured the USD in recent trade aiding NZD/USD which has printed a fresh monthly high.
  • AUD/NZD has broken through its 50-day EMA as bears look to turn the bullish tide, the pair failed to clear its 200-day EMA earlier in the week, last printing $1.0845.
  • NZD/JPY is ~0.7% firmer today, as pre-BOJ USD/JPY flows dominate, last printing at ¥82.95. Bulls look to target ¥83.48 the 20-day EMA.
  • Dec Card Spending was on the wires this morning, Retail spending printed at -2.5% and Total spending was down 1.2%.
  • Wider focus remains on the BOJ rate decision today, which will be the main driver of risk appetite today.

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