NZDJPY has rallied to 72.90 on the day and the 73.00 resistance level is the next obstacle on the path forward.
The Kiwi dollar got a boost on Monday from higher…
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NZDJPY: Yen Weakens Across the Board as Safe Haven Demand Drops
NZDJPY was over 2% higher on Monday as safe haven demand dipped with news of a 90% effective coronavirus vaccine. U.S. drugmaker Pfizer announced their latest test results to the market. Phase 3 of the Pfizer trial involved 43,538 participants and saw 90% of volunteers protected from the virus in […]
NZDJPY: Yen Eyes Key Breakout as RBNZ Talks of Negative Rates
NZDJPY was lower after the Reserve Bank of New Zealand (RBNZ) held interest rates steady. The move was widely expected, but the bank talked about further easing through negative interest rates and a need for long-term support. The pair was 0.4% lower but is eyeing a breakout through a key […]
NZDJPY Pauses Ahead of Second Quarter GDP Release
The NZDJPY price was taking a pause ahead of key GDP numbers for the Kiwi economy.
NZDJPY at Resistance – New Zealand Suspends Live Cattle Exports
The NZDJPY pair was lower today as news broke that a ship had run into trouble leading to the loss of 6,000 live cattle and 42 crew members. The ship was on its way from New Zealand to China before it had run into trouble. The news led to The […]