This is the forex quote for the New Zealand Dollar vs. Japanese Yen exchange rate. NZD (the 'base currency') is quoted in terms of JPY (the 'counter currency'). The Yen is a historically low-yielding currency, making an attractive vehicle to fund carry trades (where traders borrow cheaply in JPY to buy higher-yielding currencies, including NZD). Investors tend to favor carry trades at times of optimism about global economic performance and stability; they shun them at times of market stress. This makes NZD/JPY sensitive to swings in broad-based market sentiment trends. The pair is likewise responsive to economic news - both domestic and that of key trading partners (notably China) - that shapes expectations for Reserve Bank of New Zealand monetary policy.
The New Zealand Dollar is primed for volatility with quarterly inflation data due for release today at 21:45 GMT
Full Analysis: https://www.dailyfx.com/forex/market_alert/2020/01/23/nzd-usd-price-outlook-new-zealand-dollar-eyes-inflation-cpi-rbnz.html
$NZDUSD $NZDJPY $NZDCAD $GBPNZD $EURNZD $AUDNZD #FX #Forex #Trading #RBNZ https://t.co/l0Zd7rNl2g
The New Zealand Dollar may be on average at risk to further losses against its major counterparts such as the US Dollar and Japanese Yen. Where to for NZD/USD and NZD/JPY from here #NZD $NZDUSD $NZDJPY - https://www.dailyfx.com/forex/technical/article/special_report/2020/01/23/New-Zealand-Dollar-Outlook-May-Shift-Bearish-NZDUSD-NZDJPY.html?CHID=9&QPID=917702 https://t.co/4CrXQGOv47
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