11 Oct 2013
NZD/JPY remains capped at 81.50
FXstreet.com (Chicago) - NZD/JPY rose to 81.50 zone prior to Tokyo’s opening but failed to maintain weekly highs on yen’s strengthening after Obama was confirmed to deny the republicans’ proposal to prevent default.
Data
Recently published Japanese data reveals matched 2.3% domestic corporate goods price index (YoY) for September with M2 supply at 3.8% vs. expected 3.7%. In New Zealand, the food price index was flat vs. prior -0.5%. Ahead of Tokyo’s opening, the pair remains below the 81.40 zone after being close to lose the 81 front.
NZD/JPY Technical Levels
Technically speaking, the pair is offered at 81.29 and is reported as strongly bullish on one-hour timeframe analysis by the FXstreet.com trend index. On the downside, supports are aligned at 80.96 (September 24th lows), 80.52 (September 11th lows) ahead of 80 (October 8th lows) and resistances set at 81.50 (October 3rd highs), 81.94 (September 30th highs) followed by 82.58 (September 23rd lows).
Data
Recently published Japanese data reveals matched 2.3% domestic corporate goods price index (YoY) for September with M2 supply at 3.8% vs. expected 3.7%. In New Zealand, the food price index was flat vs. prior -0.5%. Ahead of Tokyo’s opening, the pair remains below the 81.40 zone after being close to lose the 81 front.
NZD/JPY Technical Levels
Technically speaking, the pair is offered at 81.29 and is reported as strongly bullish on one-hour timeframe analysis by the FXstreet.com trend index. On the downside, supports are aligned at 80.96 (September 24th lows), 80.52 (September 11th lows) ahead of 80 (October 8th lows) and resistances set at 81.50 (October 3rd highs), 81.94 (September 30th highs) followed by 82.58 (September 23rd lows).