NZD - Strong Bearish 1️⃣ The rise of COVID-19 cases around the world has caused investors to flee to safe-haven assets. 2️⃣ New Zealand Head of Health Ashley Bloomfield expects this latest spread to hit 50-100 cases. 3️⃣ The RBNZ kept interest rates at a low of 0.25% at its August meeting amid concerns over the latest COVID-19 spread. 4️⃣ New Zealand implements level 4 restrictions nationwide.
JPY - Strong Bullish 1️⃣ A decline in US Treasury yields boosted demand for the JPY.
====== Technical ======
We are selling the NZDJPY below SBR levels.
===== Risk to this trade =====
Any change in sentiment could turn the pair's direction.