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NZD/JPY Technical: Another potential falling knife as Fed and BoJ looms next week
Since our last publication, an equal-weighted basket of Japanese yen crosses Index that consists of the G-10 currencies (AUD, NZD, CAD, SEK, NOK, EUR, GBP, CHF, and USD) continued to tumble and recorded a week-to-date loss of -1.24% at this time of the writing. Also, it is just a whisker away of 1.5% from its key 5 August 2024 swing low. The current leg of the Japanese yen crosses’ weakness has taken form since 2 September. Based on a three-month rolling performance basis as of 13 September, the NZD/JPY is ranked the third worst performer with a loss of 10.25% before USD/JPY (-10.26%), and NOK/JPY (-11.18%) (see ... (full story)
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- Posted: Sep 13, 2024 10:21am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 4,594
