The spread in bonds yields between Japan and New Zealand has narrowed, likelihood of correction is high. Going LONG with tight stop-loss and good R/R ratio. Overnight swap is positive, so we can keep position for long time and still will be making money even with miscalculated direction.
Price action and volumes clearly show the rally is over-extended, the time for correction has come. Trade duration between up to 20 days. Competitive edge is the fact that swap is net-positive on short positions at most CFD brokers.
Short is the only option, current political situation and trade negotiations between US and China seems to worry markets, therefore Yen is seen as safe-heaven currency.
Trade duration between 3 and 5 days.
Trend analysis shows that upward movement is over streched. Possible correction is ahead.
Tight Stop Loss and 1/4.5 risk/reward ratio for the position with duration 3-4 days. Keeping in mind the negative swap over the balance.