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Market Mood NZDJPY 19.02.20

Market Mood NZDJPY 19.02.20

Market Mood NZDJPY 19.02.20

in Daily Forecasts

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

Strong NZD
The NZD was supported on comments from RBNZ Governor Orr who stated that the NZ economy and RBNZ monetary policy are in a good place. The NZD has also been supported on the mild risk-on tones that have come through from Asian equities overnight.

Weak JPY
The JPY is weaker today on gentle optimism after yesterday’s risk concerns on Apple’s projected earnings miss as the Nikkei (+0.73%) and the Hang Seng (+0.48%) moved into positive territory. Hopes of Government stimulus is also supporting the positive risk tone.

Expectations
Expect NZDJPY buyers on pullbacks.

Risks to This Outlook
Any negative coronavirus related news that may result in JPY buying and NZDJPY downside on risk-off moves.


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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).

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