Short-Term Forex Technical Outlook: NZD/JPY (Daily FX via Yahoo! Finance)
February 13, 2009
The New Zealand dollar bounced back this week to reach a high of 49.9150 against the Japanese yen after falling to an eight-year low in the previous week, but as risk trends continue to dictate price action in the foreign exchange market, the commodity bloc is likely to remain on the defensive against the low-yielding currency.
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