19 Dec 2014
NZD/JPY hits fresh daily high after BOJ’s Policy Status Quo
FXStreet (Mumbai) - The New Zealand trades jumped against the Japanese yen touching daily high levels after Bank of Japan (BOJ) left its monetary policy unchanged.
Currently, the NZD/JPY pair posted fresh days high at 91.81 levels, up 0.62% on the day. The kiwi rallied against the yen as the BOJ left its program of qualitative and quantitative easing (QQE) intact. The also Kiwi remains supported as business confidence in New Zealand stayed steady in December. The ANZ Business Confidence index remained flat to 30.4 this month from 31.5 in November.
NZD/JPY Technical Levels
The pair has an immediate resistance at 92.18 (20-day SMA) levels, above which gains could be extended to 92.55 (5-day SMA) levels. On the flip side, support is seen at 91.47 (50-day SMA), from here it to 91 levels.
Currently, the NZD/JPY pair posted fresh days high at 91.81 levels, up 0.62% on the day. The kiwi rallied against the yen as the BOJ left its program of qualitative and quantitative easing (QQE) intact. The also Kiwi remains supported as business confidence in New Zealand stayed steady in December. The ANZ Business Confidence index remained flat to 30.4 this month from 31.5 in November.
NZD/JPY Technical Levels
The pair has an immediate resistance at 92.18 (20-day SMA) levels, above which gains could be extended to 92.55 (5-day SMA) levels. On the flip side, support is seen at 91.47 (50-day SMA), from here it to 91 levels.