NZD/JPY retreats further from 6-year highs

FXStreet (Córdoba) - The NZD/JPY lost ground on Thursday for the second day in a row and continues its correction after climbing to 6-year highs at 89.92 on Tuesday. After approaching 90.00 the pair lost momentum and started to moved to the downside.

On Thursday found support at 88.50 and rebounded. At the moment of writing is testing levels on top of 88.80 trading at the highest levels since yesterday's Asian session.

A weak Kiwi pushed the NZD/JPY to the downside in the last three days. While the USD/JPY rose further reaching 104.00 the NZD/USD tumbled from 0.8700 to 0.8515. The Yen is about to post the first weekly gain in a month versus the New Zealand Dollar.