NZD/JPY has broken out of the triangle and is about to push through the consolidation ceiling of 84.26. It is also comfortably positioned above the short term MA's and the EMA's. #OPINIONLEADER#
Fundamentally the New Zealand 10Y bond is at 4.66% and the US 10Y at 3.93% at the time of writing. Japan 10Y bond is at 0.50%. Kind of a no brainer but never become to complacent with the Yen majors. They move at lightning speed.
The only concern I have is the reaction to any news or public comments from the new BoJ Governor.
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