(Last Updated April 15, 2021)
Hello! This is the news page for ZARJPY. 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 | ||
| 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 |
On ZARJPY, there is currently an uptrend on the 90, 30 and 14 day timeframes.
The moving averages on ZARJPY indicate a trend that is clearly bullish.
Below is a chart showing ZARJPY’s price with its moving averages.
As for assets in the Forex asset class ZARJPY has been correlated to over the past week, it has demonstrated the strongest correlation with AUDCHF. Over the past 14 days, however, the asset showing the strongest correlation to ZARJPY is TRYJPY. Alternatively, NZDUSD has been the asset least correlated with ZARJPY — but over the past two weeks, USDHKD has been the asset least correlated with ZARJPY. See the chart below to observe the recent price action in ZARJPY versus those of assets it hasn’t been well correlated with.
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Currently, ZARJPY’s rate is up 5.56 pips (0.74%) from the week prior. Moreover, note that this is a reversal of the price action on the previous week, in which price moved down. As for the trend on the weekly timeframe, we see the clearest trend 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 ZARJPY’s price action over the past year.
Monthly trend: strongest on the 60 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.
The clearest trend exists on the 30 day timeframe, which shows price moving down over that time.
The closest is the 200 day average, which is 0 pips away.
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.