Extending its early Asian session's downtrend, the New Zealand dollar reached a 1-week low of 63.52 against the yen around 2:40 am ET Friday.
The yen outperformed across the board on increasing safe-haven flows into it as worse-than-expected Chinese July trade data reignited worries about global growth outlook.
The kiwi-yen pair is now heading towards the neck-line of a double-top reversal formation in the daily chart with 63.20 seen as the near-term support and 61.0/61.30 area seen the neck-line support.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.