OctaFX | OctaFX Forex Broker
Open trading account

NZD/JPY finding support - Westpac

NZD/JPY has fallen to the 76 area as expected and is now taking a breather, according to Imre Speizer, Research Analyst at Westpac.

Key Quotes

“North Korean missile tests are lending some support to the yen. The event calendar highlight during the week ahead is CPI (1 Dec).”

3 months ahead: The BOJ’s defacto tapering of its asset purchases (JGB purchases are running at JPY 35tr/yr, rather than the 80tr official target) should be yen supportive. In addition, the Japanese economy is seeing a pickup in consumer activity, mitigating any slippage in external demand. We target 76.”

Leveraged funds’ long GBP came close to one-year high – Nomura

In the week ended 21 November, leveraged funds' net short positioning in GBP increased to 26% from 22% the previous week, points out the research team
Read more Previous

France Gross Domestic Product (QoQ) meets forecasts (0.5%) in 3Q

France Gross Domestic Product (QoQ) meets forecasts (0.5%) in 3Q
Read more Next
Start livechat