• NZD/JPY remains very much the darling of carries, very buoyant

• Asia 94.70-99 and holding below 95.06 high yesterday

• Yesterday's high best since 95.41/42 double top May 29/June 1

• Moving higher with 94.10-66 hourly Ichimoku cloud, tenkan 94.84, kijun 94.81

• Hawkish RBNZ expectations continue to be NZD supportive

• GBP/JPY tad lower in Asia on profit-taking by recent GBP longs, 218.61-94

• Not surprising ahead of the weekend, after Burnham ascendancy discounted

• GBP off some but retest of 219.58/60 double top yesterday/Wed next week?

• High yesterday/Wednesday best since 222.73 in January 2008

• Hourly Ichimoku cloud between 218.01-73 likely to provide downside cushion

• Ascending 100 and 200-HMAs below at 217.79 and 217.42, respectively

• Related comment , for more click on [FXBUZ]

NZD/JPY hourly:


GBP/JPY hourly:

(Haruya Ida is a Reuters market analyst. The views expressed are his own)