(Last Updated April 15, 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:
| metric_name | reference_period | asset_name | asset_id | date | time | forecast | outcome |
|---|---|---|---|---|---|---|---|
| Japan BoJ Gov Kuroda Speech | NA | Japanese Yen | JPY | 2021-04-15 | 01:00 GMT | ||
| New Zealand Business NZ PMI | Mar 2021 | New Zealand Dollar | NZD | 2021-04-15 | 22:30 GMT | ||
| Japan Reuters Tankan Index | Apr 2021 | Japanese Yen | JPY | 2021-04-15 | 23:00 GMT | ||
| Japan Exports YoY | Mar 2021 | Japanese Yen | JPY | 2021-04-18 | 23:50 GMT | ||
| Japan Balance of Trade | Mar 2021 | Japanese Yen | JPY | 2021-04-18 | 23:50 GMT |
As for trends on NZDJPY, we’re seeing a downtrend on shorter timeframes — but an uptrend on the 90 day timeframe. The countertrend on the shorter timeframe may provide an opportunity to buy for those interested in playing the longer term trend.
The moving averages on NZDJPY summarize its price action in an interesting way. Of the 20, 50, 100, and 200 day averages — three of them (all but the 20) — are bullish, implying a upward trend, aside from a drop about 3 weeks prior.
The chart below illustrates.
Regarding NZDJPY’s correlations over the past 7 days, it has been most correlated with EURNZD. If we zoom out to a two week basis, though, the asset showing the strongest correlation to NZDJPY is AUDJPY. Alternatively, the asset least correlated with NZDJPY over the past week has been USDHKD, but if we observe the prior two weeks, the asset least correlated with NZDJPY has been USDMXN. The chart below illustrates NZDJPY against its least correlated assets.
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At the moment, NZDJPY’s rate is up 6626 pips (0.86%) from the week prior. Moreover, note that this move is a reversal from the week prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 20 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.
Clearest trend on the monthly is apparent at the 24 month timeframe.
As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.
As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.
The closest is the 200 day average, which is 30.2 pips away.
Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
The closest is the 100 day average, which is 17 pips away.
Interestingly, a trend in the other direction exists on the 90 day timeframe, where price is headed down.
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.
As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.
It should be noted, though, that a trend in the opposite direction, going down, exists on the 90 day timeframe.