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Market Mood NZDJPY 12.02.20

Market Mood NZDJPY 12.02.20

Market Mood NZDJPY 12.02.20

in Daily Forecasts

Listen to the market mood for the NZDJPY currency pair in the coming session:

Strong NZD
The NZD is strong today after the RBNZ hawkishly adjusted the forecasts for the future rate path now seeing the interest rate at 1.00% in June 2020 and 1.10% in June 2021. This is revising up the previous forecasts of 0.9% through to March 2021.

Weak JPY
The JPY is weak at the moment as the expectation for global bank stimulus support equity markets with the Nikkei up nearly 1%, the Hang Seng 1.04% and the Shanghai Comp +0.84%.

Expectations
Therefore, expect NZDJPY buyers at pullbacks.

Risks to this outlook
Any news on the coronavirus spreading will find JPY buyers and invalidate this outlook.


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Disclaimer: Any opinions made may be personal to the author and may not reflect the opinions of HYCM. All expressions of opinion are subject to change without notice. This material is considered a marketing communication and does not contain, and should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments. HYCM makes no representation and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by an employee of HYCM, a third party or otherwise. Past performance is not an indication of possible future performance. Without the approval of HYCM, reproduction or redistribution of this information isn’t permitted.

Legal Information: HYCM is the trading name of Henyep Capital Markets (UK) Limited, HYCM (Europe) Ltd, HYCM Limited and Henyep Capital Markets (DIFC) Limited for which the Henyep Capital Markets group is holding company and its assets are a controlling equity interest in them.

* Cryptocurrencies are not available for trading under HYCM (Europe) Limited and Henyep Capital Markets (UK) Limited (retail clients only).

*Any opinions made in this material are personal to the author and do not reflect the opinions of HYCM. This material is considered a marketing communication and should not be construed as containing investment advice or an investment recommendation, or an offer of or solicitation for any transactions in financial instruments. Past performance is not a guarantee of or prediction of future performance. HYCM does not take into account your personal investment objectives or financial situation. HYCM makes no representation and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast, or other information supplied by an employee of HYCM, a third party or otherwise.

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