NZD JPY may enter into a bullish phase
NZD JPY may enter into a bullish phase
Seasonal trends indicate a bullish outlook for NZD/JPY; however, the COT report for non-commercial positions does not align with this view, showing a potential shift in sentiment. Despite this, NZD exhibits stronger endogenous positive factors compared to JPY, reinforcing a bullish bias for the NZD. Key drivers include improvements in business confidence, manufacturing, and services data, which collectively strengthen NZD's position.
Seasonal trends indicate a bullish outlook for NZD/JPY; however, the COT report for non-commercial positions does not align with this view, showing a potential shift in sentiment. Despite this, NZD exhibits stronger endogenous positive factors compared to JPY, reinforcing a bullish bias for the NZD. Key drivers include improvements in business confidence, manufacturing, and services data, which collectively strengthen NZD's position.
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