NZDJPY looking interesting with BOC talk
Morning everyone. My eyes are on $NZDJPY today, currently at 92.426. That BOC chatter yesterday, particularly with the more hawkish lean on inflation, is definitely creating some ripple effects in the cross-currency pairs. It's not just CAD, but the general sentiment around central bank hawkishness seems to be giving a bit of a tailwind to currencies like NZD against yen, especially with JPY still looking like the funding currency of choice for carry trades. I'm not chasing it here, but watching for a potential dip back to the 92.20 area to see if support holds, as a break below that could signal a re-evaluation for me. Overall, just feeling out the broader risk sentiment and how that feeds into these kinds of pairs today.