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Possible EUR/JPY and NZD/JPY Correlation Trade

Short
New Zealand Dollar / Japanese Yen (FX_IDC:NZDJPY)  
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FX_IDC:NZDJPY   New Zealand Dollar / Japanese Yen
NZDJPY correlation
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nzdjpy correlation
Continuing on from yesterday's chart, this extract comes from the Possible EUR/JPY and NZD/JPY Correlation Trade blog on the Vantage FX News Centre.

Zooming into the NZD/JPY chart on its own, you can see that price is still sitting right on resistance while EUR/JPY got the beginnings of a potential rejection yesterday.

If you took yesterday’s EUR/JPY short and have some floating profit, the opportunity to now take a correlated NZD/JPY short could be there.

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