Have entered two short positions at current level. Bias is for a weak NZD given the dovish rhetoric from the RBNZ this week. Currently hold a long AUD/NZD which will benefit from risk on so have hedged my position with the Yen to cover risk off flows.
Closed both positions. As have entered a long AUD/JPY position and favour the risk on upside more than downside despite still holding bearish outlook for the kiwi.