SUBSCRIBE TO FEEDFXstreet.com (Barcelona) – The New Zealand dollar dropped around 80 pips against the Japanese yen directly following the expected RBNZ rate hike to 3.00%. Most recently, the NZD/JPY continues to be pressured below over Asia as the yen appreciates on higher overall risk aversion in the marketplace.
Currently the pair trades at 62.91 where it is already 0.52% lower since the opening price. Searching for support, the most immediate level is listed at 62.86. On the upside, resistance is placed at 63.02 and 63.18.
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