Fundamental and Technical Outlook: NZD/JPY
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Fundamental Outlook: NZD/JPY

During the Asia-Pacific session, New Zealand CPI for Q3 beat expectations at 0.2% for both the q/q and y/y readings versus expectations of 0.0% and 0.1% respectively. We also saw the release of the RBA Minutes from their October 4 meeting where the RBA stated that “members judged holding rates at the meeting was consistent with inflation and growth targets”.…

Fundamental and Technical Outlook: NZD/JPY
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Fundamental Outlook: NZD/JPY

During the Asia-Pacific session reports of nuclear tests by North Korea along with comments from BoJ Governor Kuroda that no special instructions were received from PM Abe and that they did not discuss foreign bond purchases, has saw JPY supported with USDJPY declining to once again test 102.00

There is no tier 1 data due in today’s London session.…

Fundamental and Technical Outlook: NZD/JPY

Fundamental Outlook: NZD/JPY

During the Asia-Pacific session the main event was the latest RBA Monetary Policy Decision which saw the RBA remain on hold as widely expected stating that “recent data suggest that overall growth continues despite a fall in business investment” however “inflation still quite low and is expected to remain low for quite some time”.…