NZD - BULLISH
1️⃣ Investors proved optimistic on the prospects of faster growth, while local bond yields stabilized after their run-up on inflation concerns. The yield on New Zealand's 10-year government bond jumped to yearly highs of 1.72%, while US 10-year yields eased to 1.362%.
2️⃣ New Zealand’s foreign currency rating to AA+ from AA and its local currency rating to AAA from AA+, citing faster-than-expected economic recovery.
JPY - BEARISH
1️⃣ Market participants exercise caution amid rising bond yields both locally and in the US as US 10-year yields remained elevated at yearly highs of 1.362%, while Japanese 10-year yields hit over 2-year highs of 0.115% amid lingering speculation the BOJ could widen the 40-basis-point band under which it allows 10-year yields to move around its 0% target.
2️⃣ Prospect on faster growth weighing on the safe-haven asset such as JPY.
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Technical
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We are buying the NZDJPY on the RBS + above SMA 50 on the H1 chart.
1️⃣ Investors proved optimistic on the prospects of faster growth, while local bond yields stabilized after their run-up on inflation concerns. The yield on New Zealand's 10-year government bond jumped to yearly highs of 1.72%, while US 10-year yields eased to 1.362%.
2️⃣ New Zealand’s foreign currency rating to AA+ from AA and its local currency rating to AAA from AA+, citing faster-than-expected economic recovery.
JPY - BEARISH
1️⃣ Market participants exercise caution amid rising bond yields both locally and in the US as US 10-year yields remained elevated at yearly highs of 1.362%, while Japanese 10-year yields hit over 2-year highs of 0.115% amid lingering speculation the BOJ could widen the 40-basis-point band under which it allows 10-year yields to move around its 0% target.
2️⃣ Prospect on faster growth weighing on the safe-haven asset such as JPY.
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Technical
=====
We are buying the NZDJPY on the RBS + above SMA 50 on the H1 chart.
Trade active
Trade closed manually
✅Close Manually At 77.130+13 PIPS
We are exit position ahead Fed Chair Powell Testifies. The speech could turns the market.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.