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NZD/JPY a strong performer in Asia morning trade

Eamonn Sheridan
04/08/2021 | 02:19 GMT

Yen crosses are higher with USD/JPY bouncing from just below 108.95.

Meanwhile NZD/USD took its lead from the jobs data, which was outstandingly solid with a huge drop in unemployment:

  • NZ Q2 Unemployment rate 4.0% (vs. expected 4.5%) & Employment change +1.0% q/q (vs. expected +0.7%)

Prompting further confidence about an imminent rate hike from the RBNZ, the next meeting is August 18:

  • Outlook for an RBNZ rate hike on August 18 - most analysts saying its a done deal

NZD/JPY hourly candles:

Yen crosses are higher with USD/JPY bouncing from just below 108.95.

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