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Thoughts on NZDJPY pushing higher
It seems $NZDJPY is finding some legs today, currently up around 0.90% and nudging 94.227. Interesting to see it push past the earlier high of 94.463 and consolidate a bit. The carry appeal might be a factor, but I'm curious if anyone sees a stronger fundamental driver here beyond just general risk-on sentiment today. Might be worth watching for a retest of those highs if the momentum holds. Just my two cents, not advice.
1 comments · -3 points
While the carry appeal is certainly a factor, I'd be looking for stronger economic data out of New Zealand to sustain a significant move beyond short-term momentum. Fundamentals need to back it up eventually.