- NZD/JPY remains capped below 50-DMA currently at 74.83.
- The pair is trading a narrow range on the day, Doji formation seen on the day till now.
- NZD/JPY holding strong trendline support at 73.75, break below will see further weakness.
- Downside below 73.75 finds support at 73.54 (Feb 24th lows), 73.20 (Feb 11th lows) and 72.88 (Apr 7th lows).
- On the flipside resistance is seen at 74.83 (50-DMA), 75 (trendline) and 75.41 (June 1st highs).
- RBNZ’s meeting this week (which will be accompanied by a full Monetary Policy Statement) is a major event risk.
Recommendation: Good to go short on break below 73.75, SL: 74.25, TP: 73.20/73/72.85


FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major European Indices
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias
FxWirePro: AUD/USD dips on soft China data
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
CAD/JPY Dips on Soft Canadian CPI: Buy the Dip to 115?
ETHUSD Dips Below $3000 on BOJ Rate Hike Fears: Buy the Dip at $2700, Targeting $4000?
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY outlook weaker on renewed downside pressure
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
EUR/JPY Retreats: Yen Strength Caps Rally, Bearish Bias Intact Below 183.15
NZD/JPY: Bearish Momentum Builds — Sell the Rallies Below 90.90 for a Slide Toward 88.00
FxWirePro: NZD/USD weakens as RBNZ quashes rate hike talk
FxWirePro- Major European Indices
FxWirePro: USD/JPY dips as yen strengthens ahead of BOJ policy meeting 



