Yen is building up broad biased downside bias in hourly chart.
NZD is building up broad based upside bias in hourly chart.
Net effect is: NZD/JPY jumping sharply to as high as 78.26 so far. 38.2% retracement of 81.55 to 75.92 is finally firmly taken out. 78.07. We’d now looking at 61.8% retracement at 79.39.
