NZD/JPY jumped to 75.80 heading towards European session on Wednesday. The pair benefited from the RBNZ’s refrain to provide any fresh dovish signals and recent improvement in global risk sentiments. 75.90 and 76.30 seem immediate resistances for the pair with 75.00 and 74.45 likely being nearby supports. The NZD/JPY pair rallied more than 150 pips to 75.80 after the RBNZ decision on early Wednesday. The Reserve Bank of New Zealand (RBNZ) pleased Kiwi bulls as it refrained to offer any fresh dovish signals either for future monetary policy change or headline economic indicators. Adding to this, RBNZ Governor Adrian Orr’s comments signaling a downplay for the rate cut provided extra strength to the New Zealand Dollar, also known as Kiwi. NZD/JPY surged to a week’s high around 75.80 heading towards European session as the RBNZ disappointed overall market consensus of a dovish statement together with no rate change. Even if the RBNZ followed no rate change forecast, it failed to provide any new signals that can indicate either policy change or the economic weakness. On the contrary, the central bank praised employment scenario. Governor Adrian Orr also backed the central bank’s outlook and talked down chances of a rate-cut in near future when asked at a press conference following interest rate announcement. With this, Kiwi Bulls assume greater strength and cried for buying the New Zealand Dollar. On the contrary, recent improvements in the risk sentiment also weakens the JPY’s safe-haven demand. Notable among them was yesterday’s comments from the US President Donald Trump favoring absence of another government shutdown and a trade deal with China. Given the upbeat market response from the RBNZ result, investors will now look forward to global risk events like US-China trade deal, US government shutdown and Brexit to get fresh impulse of trading. NZD/JPY Technical Analysis The pair needs to surpass early-month high around 75.90 in order to aim for 76.30 and the 76.80 resistance levels. During the pair’s extended rise past-76.80, buyers can aim for 77.30. If at all the pair fall short of providing a daily close beyond 75.90, chances of its pullback to 75.00 and 74.45 can’t be denied. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Brent seen higher at $67.50 / bbl in Q2 2019 – Goldman Sachs FX Street 3 years NZD/JPY jumped to 75.80 heading towards European session on Wednesday. The pair benefited from the RBNZ's refrain to provide any fresh dovish signals and recent improvement in global risk sentiments. 75.90 and 76.30 seem immediate resistances for the pair with 75.00 and 74.45 likely being nearby supports. The NZD/JPY pair rallied more than 150 pips to 75.80 after the RBNZ decision on early Wednesday. The Reserve Bank of New Zealand (RBNZ) pleased Kiwi bulls as it refrained to offer any fresh dovish signals either for future monetary policy change or headline economic indicators. Adding to this, RBNZ Governor Adrian Orr's… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.