NZDJPY - DAILY TECHNICAL BIAS WITH FUNDAMENTAL BIAS
#NZDJPY
By now, the market risk is off. Also, since NZD RATES are high, we expect NZDJPY to go UP again. We look forward to the future behavior of NZDJPY. The reason is because the interest rate of NZD is higher compared to JPY. NZD CPI DATA is also very high.
Either way, NZDJPY should be slightly BUY with JPY WEAKNESS.
Anyway, the PRICE can SELL again on the NZDJPY MAIN SUPPORT, if the MARKET RISK ON continues, to the 81.97 LEVEL. Earlier NZDJPY was SELL due to strong JPY and MARKET SENTIMENT is RISK OFF. After that, you can definitely buy at the 87.50 level. For that, MARKET RISK should be ON. STOCK UP, VIX DOWN, JPY WEAK. Besides, the USD should be WEAK.
By now, the market risk is off. Also, since NZD RATES are high, we expect NZDJPY to go UP again. We look forward to the future behavior of NZDJPY. The reason is because the interest rate of NZD is higher compared to JPY. NZD CPI DATA is also very high.
Either way, NZDJPY should be slightly BUY with JPY WEAKNESS.
Anyway, the PRICE can SELL again on the NZDJPY MAIN SUPPORT, if the MARKET RISK ON continues, to the 81.97 LEVEL. Earlier NZDJPY was SELL due to strong JPY and MARKET SENTIMENT is RISK OFF. After that, you can definitely buy at the 87.50 level. For that, MARKET RISK should be ON. STOCK UP, VIX DOWN, JPY WEAK. Besides, the USD should be WEAK.
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