NZDJPY BUY
NZDJPY looking for buy at current level and expected to push higher.
Fundamental reason: BoJ keep their ultra loose monetary policy unchanged last week that could bring Yen lower
meanwhile in NZD bank central (RBNZ) looking to hikes another rates in the next meeting. The market already price in about 25% chance of 75bps rate hikes. The RBNZ cash rate is seen peeking well above 5% and at the current level at 4.25%
Fundamental reason: BoJ keep their ultra loose monetary policy unchanged last week that could bring Yen lower
meanwhile in NZD bank central (RBNZ) looking to hikes another rates in the next meeting. The market already price in about 25% chance of 75bps rate hikes. The RBNZ cash rate is seen peeking well above 5% and at the current level at 4.25%
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.