{"id":40900,"date":"2023-01-20T12:09:00","date_gmt":"2023-01-20T12:09:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=40900"},"modified":"2023-01-24T13:37:45","modified_gmt":"2023-01-24T13:37:45","slug":"nzdjpy-technical-analysis-bulls-are-at-the-mercy-of-the-84-50-level","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/nzdjpy-technical-analysis-bulls-are-at-the-mercy-of-the-84-50-level\/","title":{"rendered":"NZDJPY Technical Analysis &#8211; Bulls are at the mercy of the 84.50 level"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"40900\" class=\"elementor elementor-40900\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-fadb355 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fadb355\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a7f3399\" data-id=\"a7f3399\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-621d307 elementor-widget elementor-widget-text-editor\" data-id=\"621d307\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>The <a href=\"https:\/\/bit.ly\/2OX9krx\" target=\"_blank\" rel=\"noopener\">NZDJPY<\/a> rallied by +1.31% towards the close of the week as the Japanese Yen weakened following BoJ\u2019s Dovish monetary policy stance. The BoJ kept rates unchanged at -0.10% against market expectations of a policy tweak as JGB yields stretched beyond the 0.5% limit. A failure to intervene weakened the Japanese Yen and a break above 84.50 could give bulls an immediate lift higher.<\/p><p>The JGB 10-year yields rose by +6.02% early Friday morning as investors shift focus to the BoJ Monetary Policy Meeting Minutes due for release on Monday. Upside gains are capped by 0.55% and a breach above that level, the Japanese Yen could strengthen on Policy normalization expectations. Fundamentally, the Japanese economy has been showing signs of resilience as indicated by the Trade balance data released earlier this week. The Trade balance rose to -1,448.5B against -1,652.8B anticipated.<\/p><p>However, demand concerns could be a major headwind for NZDJPY in the near term. The Business NZ PMI data for December extended a drop to 47.2 against 47.4 in November while NZIER Business Confidence plunged to -70% against -42% previously.<\/p><p>Traders should pay close attention to the BoJ Meeting Minutes for January for clearer direction after Dovish BoJ\u2019s Kuroda. New Zealand will also release its inflation report early Tuesday morning.<\/p><p><strong>Weekly Chart Analysis<\/strong><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f8d8e15 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f8d8e15\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9d41fa2\" data-id=\"9d41fa2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5d18fa7 elementor-widget elementor-widget-image\" data-id=\"5d18fa7\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bit.ly\/2OX9krx\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"624\" height=\"250\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2023\/01\/NZDJPY-1W.jpg\" class=\"attachment-large size-large wp-image-40904\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1981a9b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1981a9b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1ea5495\" data-id=\"1ea5495\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ec9e43d elementor-widget elementor-widget-text-editor\" data-id=\"ec9e43d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>The NZDJPY recovered modestly as bulls bounced off a 7-months low at the 81.00 level. The pair is currently trading in an ascending channel and a break above the 84.50 level coinciding with a Bollinger Band Baseline could give bulls the 88.00 level.<\/p><p>However, there is an interesting divergence between the NZDJPY and MACD indicators. The MACD indicator\u2019s moving averages show falling highs while the volume bars are trading below the 0.000 benchmark suggesting the momentum to the upside could be limited in the near term. The NZDJPY chart shows a rising channel and a break to the downside could trigger selling pressure towards 75.00, a level coinciding with a 200-day moving average.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a5d2913 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a5d2913\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8acf6c8\" data-id=\"8acf6c8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1dc95e6 elementor-widget elementor-widget-image\" data-id=\"1dc95e6\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bit.ly\/2OX9krx\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"285\" height=\"105\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2023\/01\/NZDJPY-CHART.jpg\" class=\"attachment-large size-large wp-image-40905\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-695a215 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"695a215\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-45dbe2f\" data-id=\"45dbe2f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8f83f34 elementor-widget elementor-widget-text-editor\" data-id=\"8f83f34\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>The ActivTrader Sentiment tool suggests that 90% of retail traders have a bearish bias on the NZDJPY pair. Traders are still pricing in a BoJ policy normalization as Japan\u2019s National inflation report shows an increase from 3.8% to 4.0%. BoJ Monetary Policy Meeting Minutes will be released early Monday morning and any clues of normalization could confirm the market expectation and NZDJPY could drop significantly.<\/p><p>However, the New Zealand dollar remains resilient as China reopening gave investors optimism in the near term. The positive Chinese GDP and Retail Sales data released earlier this week was a major tailwind for NZDJPY bulls in the near term.<\/p><p><strong>Daily Chart Analysis<\/strong><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c23d767 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c23d767\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3f15810\" data-id=\"3f15810\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7d31270 elementor-widget elementor-widget-image\" data-id=\"7d31270\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bit.ly\/2OX9krx\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"624\" height=\"250\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2023\/01\/NZDJPY-1D.jpg\" class=\"attachment-large size-large wp-image-40906\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2486740 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2486740\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5eafcca\" data-id=\"5eafcca\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e450433 elementor-widget elementor-widget-text-editor\" data-id=\"e450433\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>The NZDJPY bulls rallied from the 82.00 immediate support as they attempt to challenge the 84.00 near-term resistance. Upside gains are capped by the 50-day moving average, a dynamic support and resistance indicator and a break above that level could reinforce further rally towards the 88.00 level. The pair has been range-bound for 7 months and a possible breakaway is imminent in the near term.<\/p><p>However, a failure to break above the 84.00 resistance level could cause selling pressure towards the 81.00 support level. The RSI indicator reading is below the 50.00 level suggesting a bearish weakness for the pair in the near term. A break below the 7 months low could trigger sellers to look for long-term selling opportunities.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The NZDJPY rallied by +1.31% towards the close of the week as the Japanese Yen weakened following BoJ\u2019s Dovish monetary policy stance. The BoJ kept rates unchanged at -0.10% against market expectations of a policy tweak as JGB yields stretched beyond the 0.5% limit. A failure to intervene weakened the Japanese Yen and a break [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":11961,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[80,300],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.6 (Yoast SEO v20.11) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NZDJPY Technical Analysis - Bulls are at the mercy of the 84.50 level - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/nzdjpy-technical-analysis-bulls-are-at-the-mercy-of-the-84-50-level\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NZDJPY Technical Analysis - Bulls are at the mercy of the 84.50 level NZDJPY Technical Analysis - Bulls are at the mercy of the 84.50 level\" \/>\n<meta property=\"og:description\" content=\"The NZDJPY rallied by +1.31% towards the close of the week as the Japanese Yen weakened following BoJ\u2019s Dovish monetary policy stance. The BoJ kept rates unchanged at -0.10% against market expectations of a policy tweak as JGB yields stretched beyond the 0.5% limit.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/nzdjpy-technical-analysis-bulls-are-at-the-mercy-of-the-84-50-level\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-20T12:09:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-24T13:37:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/07\/GettyImages-1150114837.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"504\" \/>\n\t<meta property=\"og:image:height\" content=\"296\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Batchelor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"NZDJPY Technical Analysis - Bulls are at the mercy of the 84.50 level NZDJPY Technical Analysis - Bulls are at the mercy of the 84.50 level\" \/>\n<meta name=\"twitter:description\" content=\"The NZDJPY rallied by +1.31% towards the close of the week as the Japanese Yen weakened following BoJ\u2019s Dovish monetary policy stance. The BoJ kept rates unchanged at -0.10% against market expectations of a policy tweak as JGB yields stretched beyond the 0.5% limit.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nathan Batchelor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/nzdjpy-technical-analysis-bulls-are-at-the-mercy-of-the-84-50-level\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/nzdjpy-technical-analysis-bulls-are-at-the-mercy-of-the-84-50-level\/\"},\"author\":{\"name\":\"Nathan Batchelor\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\"},\"headline\":\"NZDJPY Technical Analysis &#8211; Bulls are at the mercy of the 84.50 level\",\"datePublished\":\"2023-01-20T12:09:00+00:00\",\"dateModified\":\"2023-01-24T13:37:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/youtrading.com\/en\/nzdjpy-technical-analysis-bulls-are-at-the-mercy-of-the-84-50-level\/\"},\"wordCount\":550,\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"keywords\":[\"BOJ\",\"NZDJPY\"],\"articleSection\":[\"Forex\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/youtrading.com\/en\/nzdjpy-technical-analysis-bulls-are-at-the-mercy-of-the-84-50-level\/\",\"url\":\"https:\/\/youtrading.com\/en\/nzdjpy-technical-analysis-bulls-are-at-the-mercy-of-the-84-50-level\/\",\"name\":\"NZDJPY Technical Analysis - Bulls are at the mercy of the 84.50 level - Youtrading UK\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/#website\"},\"datePublished\":\"2023-01-20T12:09:00+00:00\",\"dateModified\":\"2023-01-24T13:37:45+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/youtrading.com\/en\/nzdjpy-technical-analysis-bulls-are-at-the-mercy-of-the-84-50-level\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/youtrading.com\/en\/nzdjpy-technical-analysis-bulls-are-at-the-mercy-of-the-84-50-level\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/youtrading.com\/en\/nzdjpy-technical-analysis-bulls-are-at-the-mercy-of-the-84-50-level\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/youtrading.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NZDJPY Technical Analysis &#8211; Bulls are at the mercy of the 84.50 level\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/youtrading.com\/en\/#website\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"name\":\"Youtrading UK\",\"description\":\"Leaders in Trader Training\",\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/youtrading.com\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/youtrading.com\/en\/#organization\",\"name\":\"YouTrading\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"contentUrl\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"width\":2531,\"height\":570,\"caption\":\"YouTrading\"},\"image\":{\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/YouTradingEnglish\/\",\"https:\/\/www.instagram.com\/youtrading_english\/\",\"https:\/\/www.youtube.com\/channel\/UCc22BNolZpSd33lXc8utUvg\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\",\"name\":\"Nathan Batchelor\",\"description\":\"Nathan Bathelor brings a professional trading background and highly renowned technical analysis with 15 years of experience. He holds a degree in Business and Finance and has an extensive background providing research for prop houses, and fund managers. Nathan previously traded for Drashta Capital, a boutique Hedge Fund based in London and Sydney, and has worked as a FX Market Analyst for a number of leading brokerages in the United Kingdom.\",\"url\":\"https:\/\/youtrading.com\/en\/author\/nathanbatchelor\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"NZDJPY Technical Analysis - Bulls are at the mercy of the 84.50 level - Youtrading UK","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/youtrading.com\/en\/nzdjpy-technical-analysis-bulls-are-at-the-mercy-of-the-84-50-level\/","og_locale":"en_GB","og_type":"article","og_title":"NZDJPY Technical Analysis - Bulls are at the mercy of the 84.50 level NZDJPY Technical Analysis - Bulls are at the mercy of the 84.50 level","og_description":"The NZDJPY rallied by +1.31% towards the close of the week as the Japanese Yen weakened following BoJ\u2019s Dovish monetary policy stance. The BoJ kept rates unchanged at -0.10% against market expectations of a policy tweak as JGB yields stretched beyond the 0.5% limit.","og_url":"https:\/\/youtrading.com\/en\/nzdjpy-technical-analysis-bulls-are-at-the-mercy-of-the-84-50-level\/","og_site_name":"Youtrading UK","article_publisher":"https:\/\/www.facebook.com\/YouTradingEnglish\/","article_published_time":"2023-01-20T12:09:00+00:00","article_modified_time":"2023-01-24T13:37:45+00:00","og_image":[{"width":504,"height":296,"url":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/07\/GettyImages-1150114837.jpg","type":"image\/jpeg"}],"author":"Nathan Batchelor","twitter_card":"summary_large_image","twitter_title":"NZDJPY Technical Analysis - Bulls are at the mercy of the 84.50 level NZDJPY Technical Analysis - Bulls are at the mercy of the 84.50 level","twitter_description":"The NZDJPY rallied by +1.31% towards the close of the week as the Japanese Yen weakened following BoJ\u2019s Dovish monetary policy stance. The BoJ kept rates unchanged at -0.10% against market expectations of a policy tweak as JGB yields stretched beyond the 0.5% limit.","twitter_misc":{"Written by":"Nathan Batchelor","Estimated reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/youtrading.com\/en\/nzdjpy-technical-analysis-bulls-are-at-the-mercy-of-the-84-50-level\/#article","isPartOf":{"@id":"https:\/\/youtrading.com\/en\/nzdjpy-technical-analysis-bulls-are-at-the-mercy-of-the-84-50-level\/"},"author":{"name":"Nathan Batchelor","@id":"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab"},"headline":"NZDJPY Technical Analysis &#8211; Bulls are at the mercy of the 84.50 level","datePublished":"2023-01-20T12:09:00+00:00","dateModified":"2023-01-24T13:37:45+00:00","mainEntityOfPage":{"@id":"https:\/\/youtrading.com\/en\/nzdjpy-technical-analysis-bulls-are-at-the-mercy-of-the-84-50-level\/"},"wordCount":550,"publisher":{"@id":"https:\/\/youtrading.com\/en\/#organization"},"keywords":["BOJ","NZDJPY"],"articleSection":["Forex"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/youtrading.com\/en\/nzdjpy-technical-analysis-bulls-are-at-the-mercy-of-the-84-50-level\/","url":"https:\/\/youtrading.com\/en\/nzdjpy-technical-analysis-bulls-are-at-the-mercy-of-the-84-50-level\/","name":"NZDJPY Technical Analysis - Bulls are at the mercy of the 84.50 level - Youtrading UK","isPartOf":{"@id":"https:\/\/youtrading.com\/en\/#website"},"datePublished":"2023-01-20T12:09:00+00:00","dateModified":"2023-01-24T13:37:45+00:00","breadcrumb":{"@id":"https:\/\/youtrading.com\/en\/nzdjpy-technical-analysis-bulls-are-at-the-mercy-of-the-84-50-level\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/youtrading.com\/en\/nzdjpy-technical-analysis-bulls-are-at-the-mercy-of-the-84-50-level\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/youtrading.com\/en\/nzdjpy-technical-analysis-bulls-are-at-the-mercy-of-the-84-50-level\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/youtrading.com\/en\/"},{"@type":"ListItem","position":2,"name":"NZDJPY Technical Analysis &#8211; Bulls are at the mercy of the 84.50 level"}]},{"@type":"WebSite","@id":"https:\/\/youtrading.com\/en\/#website","url":"https:\/\/youtrading.com\/en\/","name":"Youtrading UK","description":"Leaders in Trader Training","publisher":{"@id":"https:\/\/youtrading.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/youtrading.com\/en\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/youtrading.com\/en\/#organization","name":"YouTrading","url":"https:\/\/youtrading.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg","contentUrl":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg","width":2531,"height":570,"caption":"YouTrading"},"image":{"@id":"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/YouTradingEnglish\/","https:\/\/www.instagram.com\/youtrading_english\/","https:\/\/www.youtube.com\/channel\/UCc22BNolZpSd33lXc8utUvg"]},{"@type":"Person","@id":"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab","name":"Nathan Batchelor","description":"Nathan Bathelor brings a professional trading background and highly renowned technical analysis with 15 years of experience. He holds a degree in Business and Finance and has an extensive background providing research for prop houses, and fund managers. Nathan previously traded for Drashta Capital, a boutique Hedge Fund based in London and Sydney, and has worked as a FX Market Analyst for a number of leading brokerages in the United Kingdom.","url":"https:\/\/youtrading.com\/en\/author\/nathanbatchelor\/"}]}},"_links":{"self":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts\/40900"}],"collection":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/comments?post=40900"}],"version-history":[{"count":0,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts\/40900\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/media\/11961"}],"wp:attachment":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/media?parent=40900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/categories?post=40900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/tags?post=40900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}