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Forex: NZD/USD in fresh highs, eyes on 0.8580

FXstreet.com (Barcelona) - The kiwi dollar is extending its intraday upside on Wednesday, eyeing 0.8580 ahead of the Business PMI in the NZ economy for the month of March (56.3 prev.).

The demand for both the kiwi dollar and its fellow neighbor the Aussie have been boosted after BoJ’s H.Kuroda has announced its QQE programme last Thursday, with increased and cheap liquidity flowing in the region in search of higher yields.

At the moment, the cross is advancing 0.52% at 0.8573 facing the next resistance at 0.8667 (high Aug.4) ahead of 0.8678 )high Aug.3) and finally 0.8785 (high Aug.2).
On the flip side, a breakdown of 0.8515 (hourly low Apr.10) would expose 0.8490 (hourly high/low Apr.9).

Forex: USD/JPY rises to test 99.80, new 4-year highs

The US dollar is extending further its advance against the Japanese yen with the pair gaining around 40 pips in the latest couple of hours from 99.40 to reach the highest level since April 2009 at 99.80. Currently the USD/JPY is trading at 99.65.
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After setting a fresh nearly 3-month high benefited by broad risk appetite, the AUD/USD entered in a consolidation phase while stocks also secure gains in Wall Street.
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