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15 Jul 2013
NZD/JPY totally flat around 77.40
FXstreet.com (Barcelona) - The NZD/JPY foreign exchange cross rate is last trading at 77.40, off recent session highs at 77.60, ahead of key risk event of the session today in the Asia in the form of Chinese GDP data at 02:00 GMT.
NZD/JPY waiting for China GDP
With Tokyo markets today closed for holiday, and USD/JPY so far flat for the session, given such low liquidity volatility is very likely to have a boost at the time of the GDP releases, while Kiwi is last also flat slightly below the 0.78 handle. The cross is up almost +10% so far year to date.
NZD/JPY key technical levels
Immediate support to the downside for NZD/JPY lies at current levels as June 28 highs 77.30, followed by Friday's lows at 76.99, and July 03/Thursday's lows at 76.76/67. To the upside, closest resistance shows at recent session highs/July 05 lows 77.52/60, followed by July 10 lows at 77.80, and Friday's highs at 78.06.
NZD/JPY waiting for China GDP
With Tokyo markets today closed for holiday, and USD/JPY so far flat for the session, given such low liquidity volatility is very likely to have a boost at the time of the GDP releases, while Kiwi is last also flat slightly below the 0.78 handle. The cross is up almost +10% so far year to date.
NZD/JPY key technical levels
Immediate support to the downside for NZD/JPY lies at current levels as June 28 highs 77.30, followed by Friday's lows at 76.99, and July 03/Thursday's lows at 76.76/67. To the upside, closest resistance shows at recent session highs/July 05 lows 77.52/60, followed by July 10 lows at 77.80, and Friday's highs at 78.06.