NZDJPY - Bearish BiasNZD - BEARISH
1️⃣ Investors digested US president-elect Joe Biden's $1.9 trillion stimulus package.
2️⃣ The risk-off tone undermined the antipodeans.
JPY - BULLISH
1️⃣ Investors focused on President-elect Joe Biden’s announcement of a stimulus package designed to jump-start the US economy.
2️⃣ The Bank of Japan on Thursday maintained its economic assessments on five of the nine regions, however, noted that the economy was in a "severe" situation in many regions, but signs of a pickup have emerged, while Kuroda said earlier in the day that the BOJ will take additional easing steps if necessary.
3️⃣ The negative risk tone boost the safe-havens flow.
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Technical
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We are looking to sell the NZDJPY on SBR + below SMA 50 on the H1 chart.
