“BoJ it is expecting a grow GDP mainly reflects improvement in overseas economies and the yen’s depreciation. At the same time, the bank kept its projection for core consumer inflation at 1.5 percent for 2017 fiscal year, which starts in April.

The Reserve Bank of New Zealand kept its official cash rate unchanged at record low of 1.75 percent on March 22nd, 2017, as widely expected. The central bank left the monetary rate unchanged for the fourth straight meeting. Policymakers underscored that headline inflation has returned to the target band as past declines in oil prices dropped out of the annual calculation; that quarterly GDP was weaker than expected in the December quarter; and that global inflation has increased. They also reiterated that monetary policy will remain accommodative for a considerable period, as numerous uncertainties remain, particularly in respect of the international outlook, and policy may need to adjust accordingly”

from tradingeconomics

1 D Chart

1D CHART structure of price show above a important support

1 H Chart

price in a support zone sma 200/55 osc buy zone

4 thoughts on “NZD/JPY LONG”

  1. Ken Moulton says:

    Back out to the daily and tell us that you can see long. Maybe support at 78 but that remains to be seen, look for selling opportunities until the downtrend line is broken and retested.

    1. Agostinho Santos says:

      i agree it is a inflexion zone and also next week it is hot in news, we never know that the market will do.

  2. Maryna Murray says:

    Give us your own analysis and not a trade plan from another website. Copying trades from other websites are an insult to professional traders in this group.

    1. Agostinho Santos says:

      thank you for your observation.

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