Technical Analysis Trading BL01.09 NZD/JPY is Preparing for Top of 120.00

For live trading sessions in a row, the price of the NZD/JPY currency pair is moving in narrow ranges between the level of 137.38 and the level of 138.55. It is stable near it at the time of writing the analysis.
If it changes course, analysts say Treasury yields could jump higher, albeit temporarily, by signaling an official end to the era of global easy money. Meanwhile, it could also revive the purchase of Treasuries by Japanese investors who were on the sidelines as the US dollar rose.

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