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Abnormal but not unprecedented USD/JPY move

USD/JPY ADX(14) has just crossed above the key level 50, emerging from the low 30 levels in the previous session.

This event is abnormal but not unprecedented. It sets a scene from a positioning perspective where there is a big imbalance in the supply/demand equation, causing price to quickly search a new value zone.

While speeding up, it leaves behind unfilled sell orders which may cause prices to give back part of the impulsive move. The 200-SMA, now printing above the recent close, could be tested on an upside reaction.

New Zealand RBNZ Interest Rate Decision in line with expectations (2.5%)

New Zealand RBNZ Interest Rate Decision in line with expectations (2.5%)
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NZD/USD mixed on RBNZ interest rate decision/statement

FXStreet (Guatemala) - NZD/USD has on the back of the Reserve Bank New Zealand's (RBNZ) interest rate decision. The RBNZ has cut to 2.5% from 2.75% and the bird dropped initially to 0.6571 and bounced to 0.6732 as the statement was being soaked up.
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