NZDJPY - BUY

Jun 24

• Again nothings changed
  
• RBNZ even mentioned may raise rates 0.25%
  
  
• So even more attractive as an Investment
  
  
• Is over extended as far as Sentiment of Traders targets but it has been the whole run up must be alot of Dumbos getting wiped out along the way.
  

Summary

• Rationale: Similar to Australia, New Zealand typically maintains higher interest rates compared to Japan. This differential can be beneficial for carry trades.