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NZD/JPY stalls at 76.20 zone despite plethora of data released

FXstreet.com (Chicago) – NZD/JPY traded sideways throughout the day after retracing from 76.44 highs and bouncing off from 76.11 lows. The pair cracked down on Japanese data indicating stronger results but was hold up by the bulls that pushed up bearish pressure.

Plethora of facts in Japan, inflationary pressures picking up

Japan just released a plethora of data including unemployment rate down 0.1% compared to estimates and previous results at 3.9%. The National Consumer Price Index was 0.7% vs. past 0.2%. Industrial production was 3.2% failing to meet expectations at 3.9% but stronger than -3.1% from the past month. Yearly …read more