After my colossal mis-read of the risk sentiment I managed to get out of GBPJPY
at breakeven. I now expect the Kiwi to be bid as a more risk on sentiment and recent bounce in economic data should support the antipodean currency. Given the risk on tone and the combination of strong Asia equities close and Kuroda's comments pouring water on any plans to scale back BOJ QE
. There should be safe haven out flow weighing on the JPY.
I have an order Long NZDJPY
from the 38.2 pullback the mornings rally. Stops behind 61.8 and targets at the 1.13 extension.