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FEby u/felixnilsson·12hDiscussion

NZD/JPY pull-back on RBNZ hawkish hold, still looking at carry potential

Interesting move on $NZDJPY today, seeing it pull back to around 93.21 after the RBNZ decision to hold rates at 5.5%. They signaled that a hike is still on the table if inflation doesn't cool, which is giving the NZD some support against a weaker JPY, especially with Japan still pretty dovish.

I'm watching if this level holds, as the carry trade appeal is still strong here. The dip might be a good entry point if the market starts to price in that RBNZ hike more seriously, or if the BOJ continues to stand pat. What are others thinking about this pair? Is the hawkish hold enough to sustain the upward momentum, or are we just seeing some profit-taking after the recent run?

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KTu/kaewkamnerd_teerapat·7h

ก็ยังเป็นประเด็นที่น่าสนใจอยู่ แต่มองว่าแรงซื้อ NZD จะอยู่ได้นานแค่ไหน ถ้าเงินเฟ้อไม่ได้ปรับตัวลงจริงตามที่ RBNZ คาดไว้

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