NZD/JPY surged as New Zealand inflation data reinforced expectations for a Reserve Bank of New Zealand rate hike later in the year, with markets responding to persistent price pressures despite soft demand signals. The technical setup suggests NZD/JPY is ready to resume its medium-term uptrend toward 96.50 target. Q1 CPI came in stronger than expected, […]The post NZD/JPY to Resume Up Trend to 96.50 as Inflation Boosts RBNZ Rate Hike Bets appeared first on ActionForex.