Shakespeare
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NZD/JPY Price Analysis: Bulls don’t give up and continue climbing, might be time for a correction
The daily RSI shows strong buying momentum for the NZD/JPY, moving deep in positive territory. Parallelly, the daily MACD indicates green bars on a rising tendency, suggesting growing buying traction. A possible market correction may be imminent, as the daily RSI reaches near-overbought conditions.
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Yen Declines To Multi-decade Low
The Japanese yen weakened against their major currencies in the Asian session on Wednesday, as markets expect currency intervention by Japanese authorities to prop up the currency ahead of this week's Bank of Japan policy meeting. Traders await the BOJ's two-day policy meeting starts on Thursday for
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Flash Eurozone PMIs revitalised interest in the Euro
Boosted interest in the Euro emerged after preliminary PMI estimates showed a surprising acceleration in the services sector, which was able to offset the negativity from industrial weakness significantly. Both France (46.2 to 44.9) and Germany (41.9 to 42.2) saw their manufacturing PMIs fall short
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Pull-up Update