Back

NZD/USD claims the 0.73 handle in Tokyo as BOJ Kuroda talks down Yen

  • The Kiwi breaking upwards in early trading.
  • Little data for the Kiwi leaves the door open for knock-on volatility.

The NZD/USD is trading up in the Tokyo markets, breaking passed the 0.7300 handle as of writing.

With the NZD slated for a light showing data-wise this week, the NZD/USD's focus will be driven largely by market sentiment, with the Kiwi currently spiking thanks to knock-on Yen selling to mark the beginning of the week.

The Bank of Japan (BOJ) Governor Kuroda is on the wires once again, reiterating the central bank's refusal to consider letting up on their easing policies until the Japanese economy firmly attains and holds their lofty 2% growth target.

Key economic data points for New Zealand were recently revised upwards, but weak points remain within the Kiwi's economy, and with growth lagging behind global trends, the Reserve Bank of New Zealand is expected to stand pat on rates well into 2020.

NZD/USD Technicals

The pair is currently rejecting support from the 34 EMA, but bearish pressure remains strong as a soft double-top forms on Daily candles; H4 charts show a potential floor pricing in from 0.7286, though last week's decline from 0.7437 leaves a lot of ground to cover. Intraday support rests at 0.7289 and 0.7276 with resistance stacked up from 0.7322 to 0.7337.

BoJ’s Kuroda: Aiming at 2% inflation contributes to forex stability

More comments flowing in from the BoJ Governor Kuroda, as he speaks in Parliament in Tokyo. Key Points: No plan for a comprehensive assessment (revi
了解更多 Previous

AUD/JPY revisits 1H 50MA on Yen demand, Kuroda loses his mojo

The early dip in Yen found takers, thus AUD/JPY faded the spike to 84.04 and fell back to 50-hour moving average support of 83.71.  As of writing, th
了解更多 Next