New Trade: NZD/JPY

Took a new position today, bought NZD/sold JPY at 79.50. Points are worth around 0.60 a month so we will see how it pans out.

NZD is rallying after recent selling. With $1 bil of new issuance in uridashi bonds today the NZD looks to have found a base.

I think the NZD/JPY will head back to over 90.00 at least so should be a good trade.
Time will tell!