Forex Flash: NZD/JPY to reach 82.50 by year-end - BNZ

FXstreet.com (Barcelona) - The NZD/JPY continued on Tuesday its move toward multi-year highs that lie at 79.74 (Mar 12 high). Currency Strategist at BNZ Mike Jones expects the Kiwi to keep trending slowly higher during 2013 on the back of a recovering global demand that would bolster commodity prices and as Japanese authorities engage bold easing.

“Our forecast have NZD/JPY above 80 by mid-year and at 82.50 by year-end” said Mike.