Free Trial

Jumps After NZ CPI

NZDJPY

New Zealand's upbeat CPI report pushed NZD/JPY higher and the rate last sits at Y77.05, 34 pips better off. The yen lags the G10 pack, even as the Nikkei 225 and U.S. e-minis have edged lower.

  • Bulls look for a break above Y77.66, which capped gains on Jul 14. The next layer of resistance is provided by Jul 6 peak at Y78.77. On the flip side, losses past Jul 8 cycle low of Y75.98 would open up the 200-DMA (Y75.69), which has been intact since Sep 2020.
  • The RBNZ's sectoral factor model of core inflation, due at the top of the hour, takes focus from here.

To read the full story

Close

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.