Trading Outlook – NZD/JPY

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Originally updated: 09:00am

Currency Pair: NZD/JPY

Sentiment: Bearish

Market focus:

In today’s trade set up we will be focussing on short term selling opportunities on the NZD/JPY.


The BOJ minutes came in as expected today, however there was some concern from officials that the yen had weakened too much and could start having adverse effects on smaller businesses.

The NZD will be our currency of choice to trade against after expectations for inflation two years from now fell to 2.06% and global commodity prices weigh on the AUD and NZD.


We have a nice confluence zone at 92.95-93.10. This should offer short term resistance for any pullback.

Stop loss could be placed at 93.55

Take profit target: 92.15

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Source:: Trading Outlook – NZD/JPY

About the Author
Jarratt Davis is the world’s ranked #2 (2008-2013) Forex Trader by Barclays FX Hedge Index, following years of mastering his art as a self employed trader Jarratt has now entered the field of education and delivers the most robust Forex education package on the market. Jarratt’s mentorship is one of the only programs on the market that is conducted by a verified professional trader. Forex Alchemy readers can get the FREE mini course where Jarratt gives away some of his secrets to success by Clicking Here... [space height="20"] [social type="facebook"][/social] [social type="twitter"][/social] [social type="google-plus"][/social] [social type="youtube"][/social]

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