The New Zealand Dollar has surged by 1.84% against the Japanese Yen since January 19. The currency pair tested the 75.00 level during this week’s trading session.
All things being equal, the NZD/JPY exchange rate is likely to continue to edge higher during the following trading sessions. The possible target for bulls would be near the 76.00 area.
However, the weekly resistance level at 74.96 could still provide resistance for the currency exchange rate in the nearest future.