NZD/JPY Price Analysis: Mixed outlook, sideways movement to continue in the near term

The NZD/JPY pair has been trading sideways, with a slight downward bias, over the last sessions.
The RSI is in the negative area, but the slope is rising, suggesting that buying pressure is recovering.

Patricio Martín FXStreet

Thursday's session saw the NZD/JPY pair rise by 0.50% to 87.70. Despite the uptick, the pair has been trading sideways, with a slight downward bias, over the last sessions. The overall technical outlook is mixed, and the pair is likely to continue trading sideways in the near term.

The RSI is currently at 37, which is in the negative area. However, the slope of the RSI is rising sharply, which suggests that buying pressure is recovering. The MACD histogram is currently flat and red, which suggests that selling pressure is flat. The overall outlook for the NZD/JPY is mixed, and the pair is likely to continue trading sideways in the near term.

NZD/JPY daily chart

Supports to the downside are located at 87.00, 86.00, and 85.00, while resistances are seen at 88.00, 89.00, and 90.00.

Author

Patricio Martín

FXStreet

Patricio is an economist from Argentina passionate about global finance and understanding the daily movements of the markets.

EUR/USD ticks higher to near 1.1800 ahead of flash German inflation data

The EUR/USD pair trades marginally higher to near 1.1810 in the late Asian trading session on Friday, ahead of the release of preliminary inflation data for February from Germany and its major states during the day.

GBP/USD struggles to lure buyers amid UK political drama, BoE easing bias

The GBP/USD pair struggles to build on the overnight modest bounce from the 1.3445 area, or the weekly low, and oscillates in a narrow band during the Asian session on Friday. Spot prices currently trade just below the 1.3500 psychological mark, nearly unchanged for the day, and seem vulnerable to slide further.

Gold awaits acceptance above $5,200 and US PPI data

Gold consolidates previous rebound near $5,200 amid risk-off markets, awaiting US PPI release. The US Dollar eyes a flattish weekly close as dovish Fed outlook and tariff woes outweigh geopolitical risks. Gold yearns for acceptance above $5,200 to resume the uptrend, with a bullish RSI in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.