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$NZDJPY pushing new highs, watching central bank divergence
Interesting to see $NZDJPY today, up 0.75% and hitting 92.807 at one point. It feels like the market is really starting to price in a more sustained hawkish stance from the RBNZ, especially as the BOJ continues to stick to its ultra-loose policy.
This divergence is becoming a pretty compelling narrative for me. I'm keeping a close eye on any further comments from either central bank, as it could really accelerate this trend. Definitely on my watchlist for potential plays, though I'm cautious about chasing the top without a clear entry setup.
1 comments · 1 points
That's a good observation on the NZDJPY. The RBNZ's stance certainly puts upward pressure, but the BOJ's potential for intervention or policy tweaks is still a wildcard to consider in the long run.