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The rout in the yen isn't over on every front: NZD/JPY nears a 7-year high

The rout in the yen isn't over on every front: NZD/JPY nears a 7-year high

The NZD/JPY weekly chart is one of the more-interesting ones out there right now as it brushes up against the September high. If that breaks, it will take the pair all the way back to 2015 levels and a time when the pair touched 94.00.

The general feeling is that yen weakness is over after the spike in USD/JPY to 150.00 but this chart and some others argue that USD weakness is more the case.

Lately, the antipodean currencies are benefiting from speculation around China reopening a... Read More

Posted: Dec 9 2022, 20:42
Author Name: forexlive
Views: 110154

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