Pair
NZDJPY
ENTRY ZONEMacro favours the quote currency and price sits high in range.
Price
92.943
-1.89% this week
Macro side
SHORT
gap 1.043
1Y position
75.4%
85.369 – 95.419
10Y position
84.6%
DEEP HIGH
The entry window stays open while price is above 91.901. 88.886 marks where the gap is considered priced in — a natural profit-taking area, not a forecast.
What would change this
Catalysts
The ranking recomputed assuming one central bank moves its rate path. Arithmetic on the inputs, not a forecast of how price reacts.
RBNZ · next decision 2026-08-19 (13d)
| Scenario | New gap | Side | Effect |
|---|---|---|---|
| Hikes 50bp | 0.301 | SHORT | Signal holds |
| Hikes 25bp | 0.623 | SHORT | Signal holds |
| Holds, tone unchanged | 1.043 | SHORT | Signal holds |
| Signals a cut | 1.585 | SHORT | Signal holds |
| Cuts 50bp | 2.065 | SHORT | Signal holds |
BoJ · next decision 2026-09-18 (43d)
| Scenario | New gap | Side | Effect |
|---|---|---|---|
| Hikes 50bp | 1.801 | SHORT | Signal holds |
| Hikes 25bp | 1.488 | SHORT | Signal holds |
| Holds, tone unchanged | 1.043 | SHORT | Signal holds |
| Signals a cut | 0.449 | SHORT | Signal holds |
| Cuts 50bp | 0.103 | LONG | Direction flips |
Scenarios that would end this setup: BoJ cuts 50bp → direction flips. Everything else leaves the signal intact, though the gap changes.
Concentration
3 entry-zone pairs share a currency with NZDJPY: NZDJPY, AUDJPY, EURJPY. Taking several of them is one position expressed multiple times, not diversification.