1 Jul 2013
NZD/JPY testing the 77.00 barrier
FXstreet.com (New York) - The NZD/JPY technical cross has moved substantially higher during overnight trading, receiving a welcome boost from Japanese data.
NZD/JPY highly reactionary after Japanese data
In Japan, the Tankan Large Manufacturing Outlook (Q2) was reported at 10.0, beating expectations of 7.0. Moreover, Tankan Large All Industry Capex (Q2) yielded a figure of +5.5%, exceeding estimates of +2.9%. Finally, the Tankan Large Manufacturing Index (Q2) yielded 4.0, against projections calling for -6.0.
NZD/JPY still below resistance
Technically speaking, the pair is operating at 77.04, up a steadfast +0.75% in these moments. The NZD/JPY will look towards resistances at 77.22, then 77.57, and finally 78.00. Alternatively, an extension lower will initiate supports at 76.44, ahead of 76.00, and 75.64, calculates the Mataf.net analyst team.
NZD/JPY highly reactionary after Japanese data
In Japan, the Tankan Large Manufacturing Outlook (Q2) was reported at 10.0, beating expectations of 7.0. Moreover, Tankan Large All Industry Capex (Q2) yielded a figure of +5.5%, exceeding estimates of +2.9%. Finally, the Tankan Large Manufacturing Index (Q2) yielded 4.0, against projections calling for -6.0.
NZD/JPY still below resistance
Technically speaking, the pair is operating at 77.04, up a steadfast +0.75% in these moments. The NZD/JPY will look towards resistances at 77.22, then 77.57, and finally 78.00. Alternatively, an extension lower will initiate supports at 76.44, ahead of 76.00, and 75.64, calculates the Mataf.net analyst team.