RAPID UPDATE NZD/JPY TP @: 82.240 SL @: 81.524 GBP/JPY | Focal Community Group (FXSignals)

RAPID UPDATE
NZD/JPY
TP @: 82.240
SL @: 81.524

GBP/JPY
TP @: 158.300
SL @: 157.529

Our NZD/JPY from Friday continued to rise strongly today and is more than 120 pips (!) in profit for us (what a movement!), with the JPY sliding further and the Kiwi rising strongly after the fastest consumer-price inflation in more than a decade. It's widely expected that the RNBZ, will tighten it's monetary policy including further hike interest rates. We also update our GBP/JPY from today, which rose strongly after we went in, but found some resistance now as the market rally saw some (short-term) resistance.


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