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Wednesday, 4 March 2015

NZDJPY trend & Momentum 4-Mar-2015

NZDJPY stays around 90.70 now, which has constantly gone up since beginning of Feb, one month ago. Looking at NZDJPY for last half month, it has hiked globally while it has been around 88.80 - 89.50 earlier in that time, and it has jumped at around 90.00 - 90.50.



The trend and momentum, which looks better fitting as of today, indicates it could be reversed to around 89.50 in a coming week. In long term, both of NZD and JPY are expected weak against other major currencies such as USD or GBP, due to their expected monetary policy in a coming year.




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