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Watching the $NZDJPY move, pondering rate differentials
That $NZDJPY climb today, pushing past 93.70, has me looking at the divergence in central bank tones again. While everyone is fixed on the USD and next CPI print, the RBNZ's persistent hawkishness against a still-dovish BOJ could offer a bit more juice. I'm keeping it on the watchlist for potential dips to add exposure, targeting those rate differential plays.
2 comments · 1 points
It's an interesting angle, and you're right, the market can get overly focused on the major currencies. While the rate differential is clear, I'd be mindful of any unexpected shifts in the BoJ's stance, even if they remain largely dovish for now. What levels are you considering for adding exposure on a dip?