New Zealand Dollar/Japanese Yen (NZD/JPY) Exchange Rate
NZD/JPY Pivot Points
NZD/JPY Latest Updates
New Zealand reported a collapse in its business PMI, but as the nationwide lockdown was eased, next month’s data is in focus.
New Zealand reported better-than-forecast March export data, while imports increased as well.
New Zealand remains in a nationwide lockdown, but discussions on how much longer the most extreme measures should be kept in place are intensifying.
Economists fear a deep recession in New Zealand due to the nationwide lockdown in an attempt to prevent the Covid-19 pandemic from spreading.
Inspired by panic-induced decision making out of the US Federal Reserve, which slashed interest rates by 150 basis points in two emergency sessions to 0.00%
New Zealand’s service sector had a terrific start to the year, as evident in yesterday’s data, despite Covid-19 having a visible impact on the manufacturing and tourism sectors.
With traders already discounting the negative impact of the spreading coronavirus, the Japanese Yen is losing support.
Japan reported a bigger-than-expected current account surplus but posted a surprise trade deficit for December
Thin trading volumes allowed the NZD/JPY to extend its rally over the past two weeks, but 2020 may see the return of a risk-off period.
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of December 23, 2019 here.
Upside potential in the NZD/JPY is exhausted, and this currency pair is now exposed to a corrective phase.
Bullish momentum collapsed after the NZD/JPY pushed into its resistance zone and a breakdown is anticipated to follow.
Produce prices for the third-quarter out of New Zealand came in higher than expected, but remain at low levels
Risk-on mood has swept across global financial markets with US equity markets at all time highs despite a continuing string of economic disappointments and red flags which appear under the surface
New Zealand reported a slight bigger-than-expected increase in exports for the month of September, but it failed to lift the New Zealand Dollar as a minor risk-off session unfolded during the Asian trading session.
Start the new trading week of September 30, 2019 prepared with our Forex forecast for major currency pairs here!
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of April 10, 2017.
Trades may be entered at any time over the next 24 hours.
The New Zealand dollar initially fell against the Japanese yen during the day on Wednesday, but found enough support near the 74.25 level to turn things around and form a very bullish candle by the end of the day.
The NZD/JPY pair had a volatile session on Thursday, as we initially fell, but turned back around to form a bit of a hammer.