NZDJPY

(Last Updated January 18, 2021)

Hello! This is the news page for 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
New Zealand NZIER Capacity Utilization	Q4 2020	New Zealand Dollar	NZD	2021-01-18	21:00 GMT
New Zealand NZIER Business Confidence	Q4 2020	New Zealand Dollar	NZD	2021-01-18	21:00 GMT
New Zealand Electronic Retail Card Spending YoY	Dec 2020	New Zealand Dollar	NZD	2021-01-18	21:45 GMT
New Zealand Electronic Retail Card Spending MoM	Dec 2020	New Zealand Dollar	NZD	2021-01-18	21:45 GMT
Japan Exports YoY	Dec 2021	Japanese Yen	JPY	2021-01-20	23:50 GMT	2.4%

The Trend

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

NZDJPY Moving Averages

NZDJPY’s moving averages suggest the trend on a number of time horizons is bullish.

The chart below illustrates.

In terms of correlations over the past week for NZDJPY, it has been most correlated with NZDCHF. NZDCHF is the asset with which NZDJPY has been most correlated with over the past two weeks as well, so this may be a structural correlation in the market. On the flip side, GBPUSD has been the asset least correlated with NZDJPY — but over the past two weeks, the asset least correlated with NZDJPY has been USDHKD. The chart below illustrates NZDJPY against its least correlated assets.

The View From the Weekly Timeframe

Currently, NZDJPY’s rate is down -11600 pips (-1.54%) 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.