NZDJPY - Bullish Bias
Updated
NZD - Strong Bullish
1️⃣ The market expects that the RBNZ interest rate will reach 1.0% in April 2022, and 1.5% in October 2022.
JPY - Strong Bearish
1️⃣ The rising in US Treasury yields has made investors less fond of low-yielding currencies such as the JPY.
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Technical
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We are buying the NZDJPY after it bounced back at support levels.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
Don't forget to like, comment, and subscribe for more ideas.
1️⃣ The market expects that the RBNZ interest rate will reach 1.0% in April 2022, and 1.5% in October 2022.
JPY - Strong Bearish
1️⃣ The rising in US Treasury yields has made investors less fond of low-yielding currencies such as the JPY.
=====
Technical
=====
We are buying the NZDJPY after it bounced back at support levels.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Don't forget to like, comment, and subscribe for more ideas.
Trade active
Trade closed: target reached
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