Friday, March 02, 2007

Japanese Yen vs New Zealand Dollar

Above is a chart of the Japanese yen vs the New Zealand dollar. As you can see the unwinding of the yen carry trade has broken the downtrend line.

Next week will be a busy week regarding central banks and policies. On the 6th, the reserve bank of Australia meets. The reserve bank of New Zealand meets on the 8th. The Bank of England has a two day meeting, the 7th and the 8th and the ECB meets on the 8th also. I expect more volatility next week in the currency and financial markets so keep your eyes open, it should interesting.

1 comment:

Sandro said...

Thanks a lot for this particular chart (other charts are great, too).

The USD/JPY index is still within trend, so I was was guessing. But NZ dollar opens eyes.


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