NZD/JPY lifted on NZ FinMin words

FXstreet.com (Barcelona) - The NZD/JPY foreign exchange cross rate is last trading at 79.41, off session highs at 79.60, printed in the back of NZ Fin Min comments saying RBNZ rates “will eventually rise,” but that it was just a “matter of timing", English said.

NZD/JPY off fresh 1-month highs

The cross is about flat for the session so far, up +1.76% for the week, due to combined Yen weakness and recent Kiwi strength. Moments before key risk event of the day in the form of China trade balance, NZD/JPY keeps capped below yesterday's fresh 1-month highs at 79.75.

NZD/JPY key technical levels

Immediate resistance to the upside for NZD/JPY shows at mentioned recent session highs 79.60, followed by yesterday's fresh 1-month highs at 79.75, and June 05 highs at 80.75. To the downside, closest support lies at recent session lows/Friday's highs 79.10, followed by yesterday's lows at 78.42, and July 03 highs at 78.27