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Sam_Eder

NZDJPY - Biased Long on NZD Short Squeeze

Long
New Zealand Dollar / Japanese Yen (FX:NZDJPY)  
Sam_Eder  
FX:NZDJPY   New Zealand Dollar / Japanese Yen
Fundamental Analysis Support and Resistance fxrenew trading NZDJPY rbnz sentiment kiwi fx
3
0
fundamental supportandresistance fxrenew trading nzdjpy rbnz sentiment kiwi fx
New Zealand Q2 inflation was one-tenth below expectations, the market sold off briefly but then a short squeeze followed. RBNZ's Q2 sectorial factor model inflation index up to 1.7% Y/Y likely the cause. If risk appetite remains solid, NZDJPY is a good candidate for playing further Kiwi strength.

Our main target is 78.00 for this momentum move.
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