Forex: NZD/JPY bears defend 75.40
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NZD/JPY
FXstreet.com (San Francisco) - NZDJPY touched multi-year highs as it tested offers above 75.00 today in Asia, peaking at 75.37 and reaching levels not seen since September 2008.
The move was largely underpinned by an extension of the overnight risk rally and on comments from Japan's new Prime Minister regarding the BoJ.
Last at quoted around the 75.00 figure, spot is poised to record an advance of 2.3% since the New Year, and around 8% since the breaking above key channel resistance (now support) at 69.50. Asian shares are mixed this Friday, but mostly lower. Japan's Nikkei is up 1.5%; Australian shares are down around -0.3% and the Hang Sen 40 is trading down 0.16%.
The move was largely underpinned by an extension of the overnight risk rally and on comments from Japan's new Prime Minister regarding the BoJ.
Last at quoted around the 75.00 figure, spot is poised to record an advance of 2.3% since the New Year, and around 8% since the breaking above key channel resistance (now support) at 69.50. Asian shares are mixed this Friday, but mostly lower. Japan's Nikkei is up 1.5%; Australian shares are down around -0.3% and the Hang Sen 40 is trading down 0.16%.
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