NZDJPY

(Last Updated February 24, 2021)

Welcome to the news page for NZDJPY (NZDJPY). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:

Forex Calendar for NZDJPY

metric_name	reference_period	asset_name	asset_id	date	time	forecast	outcome
New Zealand Interest Rate Decision	2021	New Zealand Dollar	NZD	2021-02-24	01:00 GMT	0.25%	0.25%
New Zealand RBNZ Press Conference	NA	New Zealand Dollar	NZD	2021-02-24	02:00 GMT
New Zealand Balance of Trade	Jan 2021	New Zealand Dollar	NZD	2021-02-25	21:45 GMT
Japan Retail Sales YoY	Jan 2021	Japanese Yen	JPY	2021-02-25	23:50 GMT	-2.6%
Japan Industrial Production MoM Prel	Jan 2021	Japanese Yen	JPY	2021-02-25	23:50 GMT	4%

The Trend

On NZDJPY, there is currently an uptrend on the 90, 30 and 14 day timeframes.

NZDJPY Moving Averages

Across several time periods between 20 and 200 days, the trend on NZDJPY has remained consistently bullish.

The chart below illustrates.

Regarding NZDJPY’s correlations over the past 7 days, it has been most correlated with USDCAD. If we zoom out to a two week basis, though, AUDJPY is the asset most correlated to NZDJPY. On the flip side, CADJPY has been the asset least correlated with NZDJPY — but over the past two weeks, USDNOK has been the asset least correlated with NZDJPY. See the chart below to observe the recent price action in NZDJPY versus those of assets it hasn’t been well correlated with.

The View From the Weekly Timeframe

Currently, NZDJPY’s rate is up 3719 pips (0.48%) from the week prior. NZDJPY has seen its price go up 4 out of the past 5 weeks, thus creating some compelling opportunities for bulls. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 10 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The weekly chart below shows NZDJPY’s price action over the past year.