I am pissed off that I did not follow my plan, and allowed myself to be swayed by short term thinking!
I bought the NZD back at 54.02 this morning and cashed out the freeze trade I foolishly took yesterday at 53.50 for a loss. I think the NZD/JPY goes a lot higher, and hedging around that view is so very short term.
Set it and wait! that should be the plan!