NZDJPY

(Last Updated March 16, 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
Japan BoJ Gov Kuroda Speech	NA	Japanese Yen	JPY	2021-03-16	04:05 GMT
New Zealand Global Dairy Trade Price Index	2021	New Zealand Dollar	NZD	2021-03-16	14:30 GMT	9.5%
New Zealand Current Account	Q4 2020	New Zealand Dollar	NZD	2021-03-16	21:45 GMT	NZ$-2.88B
Japan Reuters Tankan Index	Mar 2021	Japanese Yen	JPY	2021-03-16	23:00 GMT
Japan Imports YoY	Feb 2021	Japanese Yen	JPY	2021-03-16	23:50 GMT	11.9%

The Trend

If we observe the 90 and 30 day timeframes, we see an uptrend in place for NZDJPY.

NZDJPY Moving Averages

The moving averages on NZDJPY indicate a trend that is clearly bullish.

The chart below illustrates.

As for assets in the Forex asset class NZDJPY has been correlated to over the past week, it has been most correlated with EURAUD. If we zoom out to a two week basis, though, the asset showing the strongest correlation to NZDJPY is NZDCHF. On the flip side, the asset least correlated with NZDJPY over the past week has been USDCHF, 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

At the moment, NZDJPY’s rate is up 3852 pips (0.5%) from the week prior. It’s been a feast for bulls operating on the weekly timeframe, as NZDJPY has now gone up 8 of the past 10 weeks. As for the trend on the weekly timeframe, we see the clearest trend on the 5 week timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on NZDJPY. Given that we see an uptrend on the 20, 10 and 5 weekly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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.