Tag Archives: NZD/JPY

Daily FX Wrap and Strategy

The NZD sits toward the bottom end of the G10 leader-board vs the USD,

With the Reserve Bank sounding less convinced about lifting its policy cash rate any further,

As expected, the RBNZ left rates on hold last week andstruck a more dovish tone.

The NZD fell against the USD on Friday, in line with other major currencies after the Bank of Japan’s surprise announcement.

The NZD sits a little higher this morning around 0.7930.The NZD/USD traded a very tight

The focus this week will be Thursday’s RBNZ OCR announcement, especially following last week’s low CPI print.

NZD/USD Outlook: Up this week Near term momentum has flipped to positive,

With the Q3 CPI due for release on Thursday we have taken the opportunity to have another look at our medium term inflation forecasts.

Over the past few weeks financial markets have been jitteryand volatile.

The NZD rebounded strongly with its peers against theUSD, as the expected date of US policy tightening waspushed out by investors.

Last week’s releases completed the suite of confidencesurveys for the latest quarter.

The NZD/USD has plunged 5% in the past month, with RBNZ intervention talk (and action) coinciding with the broader USD upswing.