{"id":193536,"date":"2023-11-14T22:48:12","date_gmt":"2023-11-14T17:18:12","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=193536"},"modified":"2023-11-14T22:48:12","modified_gmt":"2023-11-14T17:18:12","slug":"nzd-jpy-finds-eight-year-high-as-yen-slumps-kiwi-heads-for-90-50-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/nzd-jpy-finds-eight-year-high-as-yen-slumps-kiwi-heads-for-90-50-crypto-news\/","title":{"rendered":"NZD\/JPY finds eight year high as Yen slumps, Kiwi heads for 90.50 &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<ul>\n<li><strong>The NZD\/JPY is climbing into multi-year highs as broader markets flip on the risk switch.<\/strong><\/li>\n<li><strong>Light data on the calendar for both currencies in the early week sees market sentiment the primary driver.<\/strong><\/li>\n<li><strong>Up Next: Japan GDP figures due early Wednesday.<\/strong><\/li>\n<\/ul>\n<p>The NZD\/JPY is chalking in multi-year highs as market sentiment surges and sends the safe haven Yen (JPY lower against the Kiwi (NZD). Tuesday&#8217;s rally sees the Kiwi reaching its highest bids against the Yen in eight years.<\/p>\n<p>New Zealand data remains limited on the economic calendar <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/economic-calendar\/united-states\">this week<\/a>, though early Tuesday did see the NZ Food Price Index for October print at -0.9% compared to September&#8217;s reading of -0.4%.<\/p>\n<p>Wednesday&#8217;s early market session will be seeing Japan Gross Domestic Product (GDP) figures for the 3rd quarter. Quarter-on-quarter GDP is forecast to decline from 1.2% to -0.1%, while the annualized reading is expected to steepen the decline from 4.8% to -0.6%.<\/p>\n<h2 class=\"fxs_headline_medium\">NZD\/JPY Technical Outlook<\/h2>\n<p>With the Kiwi&#8217;s climb into 90.20, the NZD has rallied 1.5% against the Yen in a mere four hours, and the pair is set for a continued run towards 90.50 if bidders can keep the momentum going.<\/p>\n<p>Intraday technical support sits at the top of the last swing high near 89.50, with dynamic support from the 200-hour Simple Moving Average (SMA) sitting just south of 89.30.<\/p>\n<p>The NZD\/JPY&#8217;s previous long-term high was set at 90.20 back in September, and a second run at the high water mark is allowing the Kiwi to find some give in the Yen.<\/p>\n<h2 class=\"fxs_headline_medium\">NZD\/USD Daily Chart<\/h2>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: The NZD\/JPY is climbing into multi-year highs as broader markets flip on the risk switch. Light data on the calendar for both currencies in the early week sees market sentiment the primary driver. Up Next: Japan GDP figures due early Wednesday. The NZD\/JPY is chalking in multi-year highs as market sentiment surges and sends [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":54117,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,298,257,276,255,250,5192,252,247,253,249,256,254],"class_list":["post-193536","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-crosses","tag-cryptocurrency","tag-currencies","tag-gta","tag-looks-rare","tag-nzdjpy","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/193536","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=193536"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/193536\/revisions"}],"predecessor-version":[{"id":193537,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/193536\/revisions\/193537"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/54117"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=193536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=193536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=193536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}