NZDJPY - Bullish Bias
NZD - BULLISH
1️⃣ The annual inflation rate increased to 1.5% in Q1, as RBNZ forecasts show that inflation is expected to move into the upper half of its 2-3% target band during this year and then to slow in 2022. The Bank noted that inflation this year is expected to be temporary only and monetary policy stimulus will remain in place.
JPY - BEARISH
1️⃣ Rising US Treasury yields could undermine the safe-haven JPY.
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Technical
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- We are buying the NZDJPY on the support on the M15 chart. This is short term trading strategy from Monsun Asia.
- Risk reward ratio is 2:1.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
1️⃣ The annual inflation rate increased to 1.5% in Q1, as RBNZ forecasts show that inflation is expected to move into the upper half of its 2-3% target band during this year and then to slow in 2022. The Bank noted that inflation this year is expected to be temporary only and monetary policy stimulus will remain in place.
JPY - BEARISH
1️⃣ Rising US Treasury yields could undermine the safe-haven JPY.
=====
Technical
=====
- We are buying the NZDJPY on the support on the M15 chart. This is short term trading strategy from Monsun Asia.
- Risk reward ratio is 2:1.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Trade active
Trade closed: target reached
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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.
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.