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Watching NZDJPY as rate hike chatter builds
Starting to see some more hawkish talk out of the RBNZ lately, and it's certainly giving $NZDJPY a bit of a push, currently sitting at 95.021. With the daily range already stretching towards 95.191, I'm just curious if anyone else is seeing this as a potential setup for a break higher on sustained rate hike expectations, or if we're just seeing some short-term noise. Keeping it on my watchlist for now, but not jumping in without more conviction.
1 comments · 1 points
It's certainly getting a boost, but I'd be cautious about calling it a clear break higher just yet. There's a lot of noise in this pair, and we've seen these kinds of spikes fade before without sustained follow-through. What's your target on a real break?