Nzd jpy

Yesterday, we highlighted the upcoming BOJ meeting and its possible impact on GBP/JPY (see “Will the BOJ Bring a Trick or a Treat for GBP/JPY?”), but NZD/JPY is also at an interesting technical juncture.

What is a trend? There are countless ways to answer that question, but I’ve always been partial to perhaps the simplest definition: an uptrend is when an asset moves from the lower left to the upper right corner of the chart, and a downtrend is when it moves from the upper left to the lower right corner.

For obvious reasons, the focus in the FX markets is on the dollar this week. Much has been said about it: if Clinton wins, this will happen and if Trump wins that will happen. The truth is, no one knows what will actually happen, though we can have a good idea about what may happen. Now if you are like me, you cannot wait for the elections to be ove...