NZDJPY - Will BE MARKET RISK ON ? ⛔️ None of the important data for the NZD will be released this week. The most important INDICATOR DATA for JPY is not yet released. But the New Zealand Central Bank meeting, one of the most important EVENTs for the New Zealand dollar, is set to take place next week.
⛔️ NZD FEATURE is currently down a bit. The main reason for that is because MARKET RISK OFF. Today there is a slight market risk on the situation. The NZD FEATURE stands at 0.6875 LEVEL. The JPY FEATURE has been heavily DOWN before. Stay tuned for the VIX INDEX. Currently VIX is getting somewhat DOWN. NZDJPY Price is based on DYNAMIC LEVELS.
⛔️ Currently the SENTIMENT of the OVERALL MARKET is being POSITIVE. Also, even though the EQUITIES are turning a bit red, we are not affected by the VOLATILITY DOWN. Also COMMODITIES still shows a UP SIDE BIAS. There is a NEUTRAL BIAS currently on the market. We can not say for sure whether the MARKET SENTIMENT is UP or DOWN. But according to the data available so far we can say that MARKETS RISK is turning ON.
⛔️ NZDJPY Price may be slightly higher at 88.77 LEVEL according to MARKET STRUCTURE. Then the NZDJPY price can be DROP. This is because they have already decided that the Central Bank of New Zealand will inevitably raise their statutory reserve ratio next week.
