NZD/JPY Long (Possible Opportunity brought by Risk Off)

Long

New Zealand Dollar / Japanese Yen (OANDA:NZDJPY)

OANDA:NZDJPY New Zealand Dollar / Japanese Yen

Trend Analysis Fundamental Analysis Beyond Technical Analysis

trendanalysis fundamental beyondta

NZD Central Bank is very Hawkish while JPY has no plans of even considering policy tightening. That said, there is currently some mild Risk Off due to covid, rushia, and supply chain issues acting as a headwind to a long position in this pair.

i would like to see a deeper pullback before looking for entry triggers.

snapshot

snapshot

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