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Forex Flash: NZD/JPY at 95 not outside the bounds of possibility - BNZ
FXstreet.com (Barcelona) - With NZD/JPY last at 84.46, off recent fresh 5-year highs at 84.75, Currency Strategist at BNZ Mike Jones says “that further appreciation in NZD/JPY is likely.”
“Our previous year-end NZD/JPY forecast of 82.50 has been achieved well ahead of time,” the analyst notes, adding: “We have now revised this to 89.00. Our forecasts suggest a ‘peak’ of 91.00 in March 2014, although valuation analysis suggests 95.00 is not outside the bounds of possibility,” he concludes.
