NZDJPY could be getting ready to run higher after tonight's announcement by the Bank of Japan. The BoJ is suppose to increase their stimulus package and if they do by the amount which is expected or by more we should get a sell-off in the Yen pushing this pair higher.
If it happens we will be looking to correlate the Long NZDJPY with a Short in AUDJPY which will greatly reduce my directional risk. With proper money management I can be dead wrong on my NZDJPY call yet still make a profit.