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NZD/JPY holding strong above key 77 support

FXstreet.com (Barcelona) – The NZD/JPY foreign exchange cross rate is last quoted at 77.06 bids off recent session lows printed at 76.69 during early interbank premarket session, little changed from previous weekly close Friday.

NZD/JPY finds buyers above 77.00

The NZD/JPY is still trading around early June levels, following the massive selling from Kiwi longs positions allocated in previous months, before it printed multi-year highs above the 86 handle by mid April 2013. The cross is holding up well above key 77 support helped on relative Yen weakness, despite worst NZ trade deficit in 2013 released earlier in the session.

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