Forex: NZD/JPY targeting multi-year highs, resistance at 69.70

FXstreet.com (San Francisco) - NZDJPY is on the verge of gaining further ground this Wednesday in Asia following the overnight break through 69.10 resistance, last quoted at 69.30, levels not seen since May of 2010. The cross is up 1% so far this week and has bullish scope until key resistance at 69.70 (Oct 23, 2009 high). Support levels are noted at 68.90 (Dec 7 high), 68.30 (Feb 27 high) and 68.05 (Nov 26 high). Regional shares are trading with a positive bias this afternoon, with Japan 225 and S&P/ASX 200 both up 0.5%, and Hang Sen 40 now quoted up 0.6%.