NZD/JPY rises to fresh 6-year highs

FXStreet (Córdoba) - The NZD/JPY reached a fresh 6-year at the beginning of Tuesday at 89.65 and continues to rise toward 90.00. Price fell below 89.00 earlier but it managed to rise back above, climbing to new highs after breaking above 89.25.

A weak Yen continues to support the upside in the pair that is also being pushed by the NZD/USD that is trading at multi-year highs. Despite showing overbought signals, continues to find demand. Price is headed toward the sixth daily gain in a row, accumulating a gain of 220 pips.

The NZD/JPY posted on march the second consecutive monthly gain and finished the first quarter with a gain of 350 pips.