NZDJPY shows a bullish breakout from a descending trendline, with bullish structure holding near 87.20–87.25.
Key resistance targets:
87.97 (Previous high)
88.64 (Next resistance / projected fib target)
Two upside scenarios are shown:
Conservative target: ~87.97
Aggressive swing: ~88.64
If 87.00–87.20 zone holds as support, expect bullish continuation.
🧩 Current Bias: Bullish
📌 Key Fundamentals Driving NZDJPY
NZD Side (Strengthening):
RBNZ hawkish hold: RBNZ recently kept rates at 5.50% and warned that inflation remains persistent, requiring prolonged tight policy.
Resilient NZ GDP: Stronger-than-expected GDP print signals economic resilience.
Terms of trade improvement: Commodity exports holding firm, China consumption rebound showing hints of demand recovery (see recent 618 festival sales data).
AUD correlation: AUD and NZD are moving together; if AUD strengthens, NZD often follows.
JPY Side (Weakening):
BoJ remains ultra-dovish: Despite inflation trends, BoJ is hesitant to tighten further, preferring gradual tapering.
Yen under pressure from yield differentials: Global central banks (like RBNZ, Fed) remain hawkish while BoJ is not.
Geopolitical funding flows: JPY used as a funding currency amid global volatility (carry trade boost for NZDJPY).
⚠️ Risks That May Reverse the Trend
BoJ surprise tightening rhetoric (e.g. bond purchase taper announcement).
China data deterioration, hurting Kiwi sentiment.
Sharp equity sell-off and geopolitical escalation (Yen safe-haven reversal).
📅 Important News to Watch
🇳🇿 NZ Trade Balance (upcoming)
🇯🇵 Tokyo Core CPI (Jun 28) – Critical for BoJ policy speculation.
RBNZ or BoJ member speeches (hawkish or dovish shifts)
Fed tone shift or US dollar strength spillover
🏁 Who Leads the Move?
NZDJPY could lead among yen crosses due to the RBNZ’s clear inflation fight versus BoJ’s passive stance. NZDJPY is also more responsive to commodity and global risk-on flows than EURJPY or USDJPY.
Key resistance targets:
87.97 (Previous high)
88.64 (Next resistance / projected fib target)
Two upside scenarios are shown:
Conservative target: ~87.97
Aggressive swing: ~88.64
If 87.00–87.20 zone holds as support, expect bullish continuation.
🧩 Current Bias: Bullish
📌 Key Fundamentals Driving NZDJPY
NZD Side (Strengthening):
RBNZ hawkish hold: RBNZ recently kept rates at 5.50% and warned that inflation remains persistent, requiring prolonged tight policy.
Resilient NZ GDP: Stronger-than-expected GDP print signals economic resilience.
Terms of trade improvement: Commodity exports holding firm, China consumption rebound showing hints of demand recovery (see recent 618 festival sales data).
AUD correlation: AUD and NZD are moving together; if AUD strengthens, NZD often follows.
JPY Side (Weakening):
BoJ remains ultra-dovish: Despite inflation trends, BoJ is hesitant to tighten further, preferring gradual tapering.
Yen under pressure from yield differentials: Global central banks (like RBNZ, Fed) remain hawkish while BoJ is not.
Geopolitical funding flows: JPY used as a funding currency amid global volatility (carry trade boost for NZDJPY).
⚠️ Risks That May Reverse the Trend
BoJ surprise tightening rhetoric (e.g. bond purchase taper announcement).
China data deterioration, hurting Kiwi sentiment.
Sharp equity sell-off and geopolitical escalation (Yen safe-haven reversal).
📅 Important News to Watch
🇳🇿 NZ Trade Balance (upcoming)
🇯🇵 Tokyo Core CPI (Jun 28) – Critical for BoJ policy speculation.
RBNZ or BoJ member speeches (hawkish or dovish shifts)
Fed tone shift or US dollar strength spillover
🏁 Who Leads the Move?
NZDJPY could lead among yen crosses due to the RBNZ’s clear inflation fight versus BoJ’s passive stance. NZDJPY is also more responsive to commodity and global risk-on flows than EURJPY or USDJPY.
Note
🔴 US-Iran EscalationUS conducted airstrikes on Iranian territory.
Trump authorized military action reportedly targeting nuclear infrastructure (Fordow, Natanz, Esfahan).
Reports suggest missiles struck Iranian nuclear sites and Iran may have responded.
Iran warned of further escalation and condemned the attacks as illegitimate.
The U.S. reportedly used B-2 bombers and other advanced capabilities.
Note
NZDJPY buy is now misaligned due to rising risk aversion and JPY strength as capital flows toward safe havens.
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📊 Forex Signals | Free Daily Alerts
✅ 85% Accuracy | 1–2 Signals/Day
💰 Profitable Trades Sent Daily – No Cost
📲 Join Us on Telegram
t.me/ultreos_forex
🎯 Upgrade to VIP:
ultreosforex.com/
✅ 85% Accuracy | 1–2 Signals/Day
💰 Profitable Trades Sent Daily – No Cost
📲 Join Us on Telegram
t.me/ultreos_forex
🎯 Upgrade to VIP:
ultreosforex.com/
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.