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Watching NZDJPY after RBNZ comments
The RBNZ's recent hawkish lean has certainly put $NZDJPY on my radar, especially with the Bank of Japan's continued dovish stance. We're seeing it hover around 93.15381, which isn't far from its intraday low of 93.09. If the RBNZ continues to signal a tighter policy path, while the BoJ stays the course, that spread could certainly widen. I'm keeping an eye on whether we can hold above the 93.00 level. It feels like a pivotal point for a potential push higher, assuming we get further confirmation from upcoming inflation data out of New Zealand. The carry trade aspect is becoming more attractive there as well.
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