the previous consolidation seems to be done as JPY could show more weakness due to rising yields.
The structure and volume for NZD/JPY looks pretty bullish to me and I`d look for a breakout above the current correction in order to follow the primary trend. A flat-type-correction is always a good sign for accumulation and could soon cause bullish momentum! A risk-on-sentiment is btw. often good for NZD as a high-yield-currency!
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