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NZD/JPY buying the main market driver at the moment

By   || December 9, 2009 at 22:32 GMT
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Dealers report a lot of short-covering in NZD/USD and NZD/JPY after the RBNZ statement from earlier today. NZD/JPY has jumped almost 2% from 62.40 to 63.60 in the last few hours and there may be more to come in thin and illiquid markets. The AUD/USD and the other JPY crosses have rallied mildly in reaction to the Kiwi moves.

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One Response to “NZD/JPY buying the main market driver at the moment”

  1. Latest UK house price data (Rightmove) weaker than previous … | Euro Currency Herald on December 14th, 2009 12:41 GMT

    [...] NZD/JPY buying the main market driver at the moment [...]

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