Currency pair
NZD/JPY
The relative news tone between the New Zealand dollar and the Japanese yen, and the official readings of both currencies side by side, without combining them.
Relative news tone (24 h)
-0.16
The tone of NZD is more negative than that of JPY
Medium confidence
Declared by the AI and not yet calibrated.
It is half the difference between the tone of NZD and that of JPY. Updated 7 hours ago
Pohuant publishes general, descriptive information. It is not investment advice or a recommendation to buy or sell any instrument. Trading in the markets involves a risk of loss.
Readings by factor
Where each official series stands against its own history. These are not forecasts.
New Zealand dollar (NZD)
Relative strength
Performance against the other 7 currencies, 20 sessions (ECB rates)
-0.54 %
Percentile 43 of 5 years · Usual
-0.68 pp over 1 week · Data as of Oct 28, 2026
Performance against the other 7 currencies, 60 sessions (ECB rates)
-3.3 %
Percentile 10 of 5 years · Very low
-1.24 pp over 1 week · Data as of Oct 28, 2026
Macro
Macro momentum: official indicators against their trend (−1 to 1)
0.02 index
Percentile 51 of 5 years · Usual
-0.13 index over 1 week · Data as of Oct 27, 2026
CFTC positioning
Asset managers' net position in CME futures (% of open interest)
-37.5 %
Percentile 45 of 3 years · Usual
-2.3 pp over 1 week · Data as of Oct 20, 2026
Leveraged funds' net position in CME futures (% of open interest)
-14.7 %
Percentile 29 of 3 years · Low
-5.4 pp over 1 week · Data as of Oct 20, 2026
Rates and curves
Central bank policy rate
2.75 %
Percentile 37 of 5 years · Usual
+25 bp over 3 months · Data as of Oct 16, 2026
10-year bond (monthly average)
4.94 %
Percentile 95 of 5 years · Very high
+23 bp over 1 month · Data as of Sep 1, 2026
Valuation
Real effective exchange rate against its 10-year trend
-3.7 %
Percentile 13 of 15 years · Low
-1.5 pp over 1 month · Data as of Sep 30, 2026
Japanese yen (JPY)
Relative strength
Performance against the other 7 currencies, 20 sessions (ECB rates)
-0.59 %
Percentile 51 of 5 years · Usual
-0.75 pp over 1 week · Data as of Oct 28, 2026
Performance against the other 7 currencies, 60 sessions (ECB rates)
1.56 %
Percentile 82 of 5 years · High
-2.14 pp over 1 week · Data as of Oct 28, 2026
Macro
Macro momentum: official indicators against their trend (−1 to 1)
0.39 index
Percentile 98 of 5 years · Very high
+0.03 index over 1 week · Data as of Oct 24, 2026
CFTC positioning
Asset managers' net position in CME futures (% of open interest)
20.9 %
Percentile 78 of 3 years · High
+3.2 pp over 1 week · Data as of Oct 20, 2026
Leveraged funds' net position in CME futures (% of open interest)
-6 %
Percentile 77 of 3 years · High
+3 pp over 1 week · Data as of Oct 20, 2026
Rates and curves
Central bank policy rate
1.25 %
Percentile 100 of 5 years · Very high
+25 bp over 3 months · Data as of Oct 20, 2026
10-year bond
2.83 %
Percentile 96 of 5 years · Very high
-9.8 bp over 1 week · Data as of Oct 27, 2026
2-year bond
1.89 %
Percentile 98 of 5 years · Very high
-2.1 bp over 1 week · Data as of Oct 27, 2026
Valuation
Real effective exchange rate against its 10-year trend
-24.2 %
Percentile 17 of 15 years · Low
+2.9 pp over 1 month · Data as of Sep 30, 2026
Recent news
Headline and link to the original outlet, with our own summary and the tone for this page.
investingLive (ex-ForexLive) ·
investingLive Asia-Pacific market news: Oil eases on Vance’s Iran outreachA batch of Asia-Pacific market updates: oil slipped after reports of a Vance letter to Iran aimed at restarting talks, and gold stayed above $4,000.
- New Zealand dollar: positive tone
Bloomberg - Economics ·
RBNZ Governor Sees ‘High’ Chance of December Interest-Rate HikeSubscription outlet: headline and link only.
- New Zealand dollar: positive tone
Bloomberg - Economics ·
Why Does Japan’s Underlying Inflation Guide BOJ Rate Decisions?Subscription outlet: headline and link only.
- Japanese yen: positive tone
investingLive (ex-ForexLive) ·
RBNZ’s Breman says chances of a December rate hike are high after surprise hold at 2.75%An RBNZ official said the odds of a December rate increase are elevated after the central bank unexpectedly kept rates at 2.75%. She said the timing remains uncertain and that a weak currency could add to imported inflation.
- New Zealand dollar: positive tone
investingLive (ex-ForexLive) ·
NZ business confidence rises to +53 as pricing intentions hit highest since MayLa encuesta de ANZ de octubre mostró la confianza empresarial neozelandesa subiendo 1 punto a +53, con un 52% neto de empresas planeando subir precios, lo máximo desde mayo, e inflación esperada estable en 3,3%.(Summary available in Spanish.)
- New Zealand dollar: positive tone
Bloomberg - Economics ·
BOJ Set to Hold Rate as Inflation Reaches Long-Awaited MilestoneSubscription outlet: headline and link only.
- Japanese yen: positive tone
investingLive (ex-ForexLive) ·
NZDUSD tumbles after surprise RBNZ hold. Sellers retain control as the rebound stalls.The RBNZ kept its cash rate at 2.75%, defying market expectations of a hike, though the 4-3 vote and guidance suggest further tightening remains likely as inflation is seen rising.
- New Zealand dollar: negative tone
investingLive (ex-ForexLive) ·
Morning Kickstart: Dollar mixed ahead of Fed, BoC and Big Tech earningsThe dollar traded mixed before central bank decisions from Canada and the US and major tech earnings. New Zealand's central bank unexpectedly kept rates unchanged, while hawkish Australian inflation and RBA remarks lifted the Australian dollar and weighed on the kiwi.
- New Zealand dollar: negative tone
investingLive (ex-ForexLive) ·
Macro pulse: Has the RBNZ shock exposed a bigger problem with central bank rate pricing?New Zealand's central bank kept its policy rate at 2.75% despite markets expecting a hike, sending the kiwi down 1.3% against the dollar. The article says central banks are increasingly avoiding firm guidance as they balance stubborn inflation against weaker growth.
- New Zealand dollar: negative tone
Bloomberg - Markets ·
RBNZ Governor Says Further Rate Increases Highly LikelySubscription outlet: headline and link only.
- New Zealand dollar: positive tone
Japan Times ·
Bank of Japan unlikely to take rates higher this weekThe Bank of Japan is expected to keep rates unchanged this week, though markets see a December hike as plausible.
- Japanese yen: negative tone
investingLive (ex-ForexLive) ·
European markets brace for Fed decision as hot Australia CPI, RBNZ surprise and oil rally stir nervesAustralian inflation came in above expectations, prompting RBA Governor Bullock to say price pressures remain far too high. The RBNZ unexpectedly held its cash rate at 2.75%, sending the New Zealand dollar sharply lower.
- New Zealand dollar: negative tone
investingLive (ex-ForexLive) ·
investingLive Asia-Pacific market news: Hawkish RBA, surprise RBNZ hold lift AUD/NZDThe RBA struck a hawkish tone, with Governor Bullock saying inflation remains far too high, while the RBNZ unexpectedly held rates in a 4-3 vote and signaled more hikes may come.
- New Zealand dollar: positive tone
investingLive (ex-ForexLive) ·
RBNZ’s Breman: more hikes likely at coming meetings, possibly into restrictive territoryLa gobernadora del RBNZ, Breman, dijo que probablemente habrá más subidas de tasas en las próximas reuniones y que podría ser necesario un endurecimiento hasta territorio restrictivo, citando la preocupación de que un dólar neozelandés más débil impulse la inflación importada.(Summary available in Spanish.)
- New Zealand dollar: positive tone
Bloomberg - Markets ·
New Zealand Dollar Slides Most Versus Aussie Since 2017 on RBNZSubscription outlet: headline and link only.
- New Zealand dollar: negative tone
investingLive (ex-ForexLive) ·
RBA’s Bullock: Inflation is far too highLa gobernadora del RBA, Michele Bullock, afirmó que la inflación es demasiado alta y señaló poca disposición a ignorar los shocks de oferta.(Summary available in Spanish.)
- New Zealand dollar: negative tone
investingLive (ex-ForexLive) ·
AUD/NZD in focus as hawkish RBA signals clash with RBNZ’s surprise 4-3 holdEl RBA mantiene un tono hawkish mientras el RBNZ sorprende al no subir tasas con voto dividido 4-3, ampliando la divergencia de política monetaria entre Australia y Nueva Zelanda.(Summary available in Spanish.)
- New Zealand dollar: negative tone
investingLive (ex-ForexLive) ·
RBNZ holds OCR at 2.75% in surprise 4-3 vote, says tighter policy still likelyEl RBNZ mantuvo la tasa oficial en 2,75% con una votación sorpresiva de 4-3, aunque indicó que una política más restrictiva sigue siendo probable.(Summary available in Spanish.)
- New Zealand dollar: negative tone
Bloomberg - Economics ·
New Zealand Raises Rate for Third Straight Meeting on Fuel PriceSubscription outlet: headline and link only.
- New Zealand dollar: negative tone
Bloomberg - Economics ·
New Zealand Raises Rate for Third Straight Meeting on Fuel PriceSubscription outlet: headline and link only.
- New Zealand dollar: negative tone
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AUD/JPY
Australian dollar · Japanese yen
+0.07
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Australian dollar · New Zealand dollar
+0.24
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New Zealand dollar · Swiss franc
Not enough news in the last 24 hours.
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NZD/CAD
New Zealand dollar · Canadian dollar
-0.26
−10+1Negative tone · 18 stories
Currency pair
CAD/JPY
Canadian dollar · Japanese yen
+0.09
−10+1Positive tone · 14 stories
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CHF/JPY
Swiss franc · Japanese yen
Not enough news in the last 24 hours.