Back
29 Jan 2014
Flash: NZD/JPY, an Innocent victim of risk aversion - BNZ
FXstreet.com (Bali) - According to Kymberly Martin, Strategist at BNZ, attention should return to NZ-JP fundamentals that favour the NZD if risk aversion recedes.
Key Quotes
"NZD/JPY has been a casualty of emerging market inspired global risk aversion. Emerging market concerns appear more home-grown than related to US Fed expectations."
"We see the recent pull-back in the NZD/JPY as a symptom of (hopefully) relatively short-lived risk aversion. We anticipate NZD/JPY fundamentals will re-assert themselves and the cross returning to trade above 86.00 for much of H1 2014."
Key Quotes
"NZD/JPY has been a casualty of emerging market inspired global risk aversion. Emerging market concerns appear more home-grown than related to US Fed expectations."
"We see the recent pull-back in the NZD/JPY as a symptom of (hopefully) relatively short-lived risk aversion. We anticipate NZD/JPY fundamentals will re-assert themselves and the cross returning to trade above 86.00 for much of H1 2014."