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26 Feb 2015
NZD/JPY: Sights are on space on the 90.0 handle
FXStreet (Guatemala) - NZD/JPY is currently trading 89.98 with a high of 90.04 and a low of 89.75.
NZD/JPY is bid on the back of the trade numbers from New Zealand and has the 90.0 handle in its sights. However the Yen is strong in this environment, with USD/JPY lower on a weaker greenback since Yellen's insistence of a patient stance from the data dependent Fed.
Meanwhile, the trade numbers were beating expectations for January's NZ trade, boosting the Kiwi with more incomings than out and slide in the values of imports. Trade balance for January came at 56m vs -158m expected and -159m prior, with exports at 3.70bn vs 3.73bn exp and 4.42bn prior, while imports were 3.64m vs 3.94bn exp and 4.58bn prior.
NZD/JPY is bid on the back of the trade numbers from New Zealand and has the 90.0 handle in its sights. However the Yen is strong in this environment, with USD/JPY lower on a weaker greenback since Yellen's insistence of a patient stance from the data dependent Fed.
Meanwhile, the trade numbers were beating expectations for January's NZ trade, boosting the Kiwi with more incomings than out and slide in the values of imports. Trade balance for January came at 56m vs -158m expected and -159m prior, with exports at 3.70bn vs 3.73bn exp and 4.42bn prior, while imports were 3.64m vs 3.94bn exp and 4.58bn prior.