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15 Jan 2015
NZD/JPY recovers from 2-Month lows
FXStreet (Mumbai) - The New Zealand bounced back from two-month lows against the Japanese yen and trades higher as yen surrenders previous gains versus the US dollar.
Currently, the NZD/JPY pair trades at 91.01 levels, up 0.47% on the day, having clocked day’s low at 90.53 levels. The cross in NZD/JPY edged higher, mirroring gains from its Oz counterpart as traders digested robust Australian employment data. Moreover, yen’s weakness against the US dollar also contributed largely to the upside in the NZD/JPY cross.
The NZD/USD pair traded higher by 0.10% at 0.7728 levels, holding strong on to the 0.77 barrier. While the yen lost -0.31% versus the US dollar, with USD/JPY now trading at 117.70 levels.
NZD/JPY Levels to consider
To the upside, the next resistance is located at 91.31 levels and above which it could extend gains to at 91.66 levels. To the downside immediate support might be located at 90.28 levels below that at 89.93 levels.
Currently, the NZD/JPY pair trades at 91.01 levels, up 0.47% on the day, having clocked day’s low at 90.53 levels. The cross in NZD/JPY edged higher, mirroring gains from its Oz counterpart as traders digested robust Australian employment data. Moreover, yen’s weakness against the US dollar also contributed largely to the upside in the NZD/JPY cross.
The NZD/USD pair traded higher by 0.10% at 0.7728 levels, holding strong on to the 0.77 barrier. While the yen lost -0.31% versus the US dollar, with USD/JPY now trading at 117.70 levels.
NZD/JPY Levels to consider
To the upside, the next resistance is located at 91.31 levels and above which it could extend gains to at 91.66 levels. To the downside immediate support might be located at 90.28 levels below that at 89.93 levels.