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16 Sep 2013
NZD/JPY capped below 81.30
FXstreet.com (Barcelona) - The NZD/JPY foreign exchange cross rate is last quoted at 81.03 off recent session highs at 81.40 printed on the back of Kiwi strength, with Tokyo markets closed over holidays.
NZD/JPY next target at 82.25
“Last week’s break above 80.50 brings 84.00 into the frame,” said Westpac analyst Imre Speizer, adding: “Strong Japanese data lately (CAPEX, GDP) have increased inflation expectations, in turn weakening the yen. The next upside target is 82.25. This week’s data is concentrated on Thursday when we’ll see August trade, the July All Industry Activity index, and the final reading of the July leading index.”
NZD/JPY key technical levels
Immediate support to the downside for NZD/JPY lies at current levels as Wednesday's highs 81.03, followed by Friday's lows at 80.65, and Wednesday's lows at 80.53. To the upside, closest resistance shows at Friday's highs 81.29, followed by recent session/Wednesday's/almost 4-month highs at 81.40, and May 31 highs at 81.95.
NZD/JPY next target at 82.25
“Last week’s break above 80.50 brings 84.00 into the frame,” said Westpac analyst Imre Speizer, adding: “Strong Japanese data lately (CAPEX, GDP) have increased inflation expectations, in turn weakening the yen. The next upside target is 82.25. This week’s data is concentrated on Thursday when we’ll see August trade, the July All Industry Activity index, and the final reading of the July leading index.”
NZD/JPY key technical levels
Immediate support to the downside for NZD/JPY lies at current levels as Wednesday's highs 81.03, followed by Friday's lows at 80.65, and Wednesday's lows at 80.53. To the upside, closest resistance shows at Friday's highs 81.29, followed by recent session/Wednesday's/almost 4-month highs at 81.40, and May 31 highs at 81.95.