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2 Aug 2013
NZD/JPY capped below 78.70
FXstreet.com (Barcelona) - The NZD/JPY foreign exchange cross rate is last trading at 78.57, off recent session/daily highs at 78.71.
NZD/JPY attractive on interest rates differentials
According to Societe Generale analyst Sebastian Galy, combined central bank easing policies are a “recipe for the hunt for yield,” which includes NZD/JPY, Galy said. The cross is down -1.02% for the week so far.
NZD/JPY key technical levels
Immediate resistance to the upside for NZD/JPY shows at recent session/daily highs 78.71/77, and Tuesday's highs at 78.80, while to the downside, closest support lies at Monday's lows 78.31, and Tuesday's lows at 78.01.
NZD/JPY attractive on interest rates differentials
According to Societe Generale analyst Sebastian Galy, combined central bank easing policies are a “recipe for the hunt for yield,” which includes NZD/JPY, Galy said. The cross is down -1.02% for the week so far.
NZD/JPY key technical levels
Immediate resistance to the upside for NZD/JPY shows at recent session/daily highs 78.71/77, and Tuesday's highs at 78.80, while to the downside, closest support lies at Monday's lows 78.31, and Tuesday's lows at 78.01.