Dollar rises against the yen in night trading

Dollar rises against the yen in night trading
Dollar rises versus the yen in trading late Friday night
The dollar rose against the Japanese yen late Friday night. The greenback gained to 91.15 yen from the 91.12 yen it bought in late afternoon trading.

New Zealand Dollar To Hold Bearish Bias On Curbed Risk Appetite
The New Zealand dollar turned a blind eye to the event risks scheduled for the week as the higher-yielding currency bounced back to pick up 200+ pips against the greenback. However, deteriorating fundamentals paired with dovish commentary by RBNZ Governor Alan Bollard suggests that the central bank will continue to ease policy throughout 2009, which is likely to spur increased selling pressures for the kiwi going forward.

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New Zealand Dollar Technical Outlook

There is quintuple divergence with RSI on the daily NZDUSD chart, which warns of a reversal.

Last Friday’s inside day reinforces the potential reversal to the upside. Staying above .5186 keeps the short term trend bullish.

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