FX:NZDJPY New Zealand Dollar/Japanese Yen
5 months ago
I consider the NZD to have a stable and growing economy with a large and growing client in the Chinese. I look forward to watching how the currency plays out in all the major pairs. Keep in mind that this pair can go the opposite way and reach 1 for all i know.
2 months ago
Comment: Just a reminder to anyone paying attention. Don't trade directly off of this chart. I do think NJ will be at a higher exchange rate closer to the end of the year but I say that with little certainty
looking at the MACD and comparing it to 2008, looks to me like we're headed into at least 3-4 months of much lower prices on this chart. Just my opinion, which I am also basing on the Interest Rate outlook going forward for NZD from the RBNZ, who say they are looking for more easing to be needed for their economy to stabilise and for their currency to drop in the period of uncertainty coming up in the next 6-9 months.