NZDJPY

(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:

Forex Calendar for NZDJPY

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

The Trend

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.

NZDJPY Moving Averages

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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The View From the Weekly Timeframe

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.

NZDJPY: The Monthly View

Clearest trend on the monthly is apparent at the 24 month timeframe.

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