NZD/JPY Pair Records Significant Decline, Settles at 96.65

Friday, 12 July 2024, 19:47

The NZD/JPY pair experienced a notable decrease during Friday's trading session, extending the losses from Thursday. With a further decline of 0.20%, the pair settled at 96.65, marking its lowest point since mid-June. This downward trend reflects ongoing bearish pressure on the cross. Traders are advised to closely monitor the support levels for potential reversal opportunities.

FXStreet — NZD/JPY Pair Records Significant Decline, Settles at 96.65

NZD/JPY Price Analysis

The NZD/JPY pair continued its downward trajectory from Thursday's slump, witnessing a 0.20% decrease and closing at 96.65.

Key Points:

Significant Decline: The pair extended its losses, hitting lows not seen since mid-June.
Bearish Pressure: Ongoing market sentiment indicates downward movement.
Support Levels: Traders should monitor key support levels for potential reversals.

Overall, the NZD/JPY pair's current performance reflects a bearish sentiment with a potential for further downside movement.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

NZD/JPY Price Analysis

Key Points:

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