New Zealand Dollar / Japanese Yen

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New Zealand Dollar / Japanese Yen forum

NZDJPY possible bearish pa short-term
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NZDJPY Patience is a valuable trait
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NZDJPY What is going? Really? Is this Trump?

NZDJPY tradingview.com/x/kB2UhAdA
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Snapshot

NZDJPY High volume on the previous 1H bearish candle. Low volume on bullish candles.

NZDJPY Big moves to the upside on the 1H chart with no volume.

NZDJPY 86.267 could be an interesting level.

NZDJPY CHFJPY Japanese data has come in strong recently. Avg Cash Earnings surprised to the upside at 4.8%, Services and Composite PMIs also improved. Household spending smashed previous levels and expectations to the upside as well. This data justifies the BOJ's hawkish bias. Conversely, we have seen NZ unemployment tick up and labour cost fall which increase the probability for further rate cuts by the RBNZ. The Swiss unemployment rate also increased and consumer confidence is still negative. The SNB are open the idea of negative rates and would see a positive interest differential between then and the BOJ. High probability NZDJPY and CHFJPY continue to sell off.

NZDJPY come oooonnn … drooooooopppppp …. What is holding this to go up in bearish trend …

NZDJPY down below 85 levels for sure.