New Zealand Q2 inflation was one-tenth below expectations, the market sold off briefly but then a short squeeze followed. RBNZ's Q2 sectorial factor model inflation index up to 1.7% Y/Y likely the cause. If risk appetite remains solid, NZDJPY is a good candidate for playing further Kiwi strength.
Our main target is 78.00 for this momentum move.
Our main target is 78.00 for this momentum move.
Join over 42,000 traders and get the Forex Course for Smart Traders - 17 in-depth lessons - always 100% free at MarketMates.
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.
Join over 42,000 traders and get the Forex Course for Smart Traders - 17 in-depth lessons - always 100% free at MarketMates.
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.