- NZD/JPY maintains a neutral-a-bullish structure, looking towards 87.01 and the maximum of May 13 in 87.73.
- The broader risk feeling ignores the 14% tesla drop while high beta currencies exceed.
- A fall below 86.17 Kijun-sen could expose the Kiwi down to the support zone of 85.00 and 84.30.
NZD/JPY rose more than 0.75% on Thursday in the middle of a session that witnessed an escalation of the fight between Trump and Musk on social networks, which finally caused Tesla (TSLA) actions to fall more than 14% during the day. Despite this, high beta currencies in the currency space, such as the Kiwi and the Australian dollar, advanced as the tensions between Washington and Beijing relieved. The pair quotes 86.55 at the time of writing.
NZD/JPY Price Forecast: Technical Perspective
The NZD/JPY has a neutral inclination, although it could change slightly up if the traders push prices above the maximum of May 29, 87.01, racing the way to challenge the maximum of May 13 in 87.73. If it is exceeded, the next stop would be the maximum of the year to date (YTD) of 89.70, before the 90.00 figure.
On the contrary, if the NZD/JPY falls below the Kijun-sen in 86.17, the door opens to the Tenkan-sen in 86.10. In case of greater weakness, the following support levels are 86.00, the mark of 85.00, and the upper part of the Ichimoku cloud (Kumo), which is around the range of 84.30/50.
NZD/JPY Price Graph – Diario
New Zealander dollar this week
The lower table shows the gear dollar change percentage (NZD) compared to the main currencies this week. New Zealand dollar was the strongest currency against the US dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.88% | -0.81% | -0.24% | -0.49% | -1.08% | -1.21% | -0.48% | |
| EUR | 0.88% | 0.04% | 0.62% | 0.37% | -0.19% | -0.37% | 0.39% | |
| GBP | 0.81% | -0.04% | 0.62% | 0.32% | -0.25% | -0.42% | 0.35% | |
| JPY | 0.24% | -0.62% | -0.62% | -0.24% | -0.83% | -0.99% | -0.31% | |
| CAD | 0.49% | -0.37% | -0.32% | 0.24% | -0.59% | -0.75% | 0.02% | |
| Aud | 1.08% | 0.19% | 0.25% | 0.83% | 0.59% | -0.10% | 0.69% | |
| NZD | 1.21% | 0.37% | 0.42% | 0.99% | 0.75% | 0.10% | 0.77% | |
| CHF | 0.48% | -0.39% | -0.35% | 0.31% | -0.02% | -0.69% | -0.77% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the New Zealand dollar of the left column and move along the horizontal line to the US dollar, the percentage change shown in the box will represent the NZD (base)/USD (quotation).
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
