NZD/JPY gains traction on positive risk tone
The NZD/JPY pair has seen a moderate uptick on Monday, with the Kiwi currency gaining some ground against the Japanese Yen. However, the current upward momentum of the pair lacks significant bullish conviction, indicating some underlying uncertainty among investors.
A positive risk tone in the market has been a key factor driving the NZD/JPY pair higher. The decline in the safe-haven US Dollar (USD) has also helped boost the NZD appeal as a risk-sensitive currency. This sentiment has been supported by a generally positive tone around the equity markets, as investors seem to be shrugging off concerns around rising inflation and potential tapering by central banks.
A positive risk tone in the market has been a key factor driving the NZD/JPY pair higher. The decline in the safe-haven US Dollar (USD) has also helped boost the NZD appeal as a risk-sensitive currency. This sentiment has been supported by a generally positive tone around the equity markets, as investors seem to be shrugging off concerns around rising inflation and potential tapering by central banks.
Trade closed: target reached:
