Keep an eye on NZD/JPY as Kiwi remains weak

Kiwi long is probably still one of the more crowded positions in the FX space and one pair that we should pay attention to right now is NZD/JPY. It’s, along with AUD/JPY, the most popular carry trade and as the Kiwi remains under pressure, we could see some bigger position unwinding here. The 86.00 level is now key. appeared first on www.forextell.com.

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