FX_IDC:NZDJPY chart by TradingView

NZD/JPY

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.


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Technical Focus: Big Confluence in NZD/JPY

The USD wants you to pay attention. It's begging you to join in or call the top. At this point, both of those situations are dangerous. Look at something else...like NZD/JPY.
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Analyst Picks

Walker England   

Forex Trading Instructor

My Picks: NZD/JPY Pending Breakout
Expertise: Technical Analysis
Average Time Frame of Trades: 1Day-1Week

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