28 Jun 2013
40. NZD/JPY eases lower on Japanese CPI
FXstreet.com (New York) - The NZD/JPY technical cross eased off of highs (76.87) Friday, following myriad economic statistics in Japan.
NZD/JPY moves on Japanese data
In Japan, the National Consumer Price Index (YoY) came in at -0.3% in May, beating projections of -0.4%, and relative to -0.7% previously. In addition, the National CPI ex Food, Energy (YoY) yielded a figure of +0.1% in May, compared with -0.3% previously. The National CPI ex-Fresh Food (YoY) yielded 0.0% in May, in line with expectations.
NZD/JPY remains in positive territory
Presently, the NZD/JPY cross has remained in positive territory at 76.70, up a marginal +0.05% above its opening during Asian trading. Technically speaking, the Mataf.net analyst team points towards resistances at 77.35, onto 78.03. Should the easing movement exacerbate, dragging the pair into negative territory, the NZD/JPY will meet supports at 75.29, then 74.61, and 73.92.
NZD/JPY moves on Japanese data
In Japan, the National Consumer Price Index (YoY) came in at -0.3% in May, beating projections of -0.4%, and relative to -0.7% previously. In addition, the National CPI ex Food, Energy (YoY) yielded a figure of +0.1% in May, compared with -0.3% previously. The National CPI ex-Fresh Food (YoY) yielded 0.0% in May, in line with expectations.
NZD/JPY remains in positive territory
Presently, the NZD/JPY cross has remained in positive territory at 76.70, up a marginal +0.05% above its opening during Asian trading. Technically speaking, the Mataf.net analyst team points towards resistances at 77.35, onto 78.03. Should the easing movement exacerbate, dragging the pair into negative territory, the NZD/JPY will meet supports at 75.29, then 74.61, and 73.92.