NZD and JPY Bid – Video Analysis

NZD and JPY Bid –  NZDUSD logged a 17-day high at 0.6976. USDJPY turned about 50 pips lower in returning to around the 113.50 mark, breaking free of a narrow orbit of the 114.0 level. EURJPY and other yen crosses saw a similar price action. News that the U.S. three-carrier strike group was conducting exercises off the Korean peninsular seemed to rattle some nerves in markets, prompting buying of the safe haven Japanese currency while pushing stocks — particularly markets in Japan and South Korea — off highs.

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Stuart Cowell

Senior Market Analyst


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