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NZD/JPY: To continue to beyond 92.00 - Westpac

FXStreet (Guatemala) - Imre Speizer, analyst at Westpac Banking Corporation offered forecasts for NZD/JPY.

Key Quotes:

"3 months ahead: We expect the medium term uptrend to continue, beyond 92.00 on confirmation of such.. Money printing by the BoJ versus an on-hold RBNZ are the main factors."

"1 year ahead: We expect BoJ QE to continue to support this cross which should spend most of the next year above 88.00."

USD/MXN drops below 15.20

The mexican peso is rising of the third day in a row against the US dollar and climbed from 1-month lows to 6-day highs in 32 hours. USD/MXN reached yesterday 15.416 and today is about to close around 15.150, the lowest since last Friday.
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EUR/USD briefly rises above 1.0800

EUR/USD climbed further and reached its highest level in 8 days as the dollar resumed its slide during the American session, feeling the pressure of disappointing US economic data.
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