Published: 2026-07-06T06:33:34.000Z
USD/JPY NZD/USD flows: Corrective action overnight
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USD/JPY regains 162 after US holiday passes
NZD/USD sees some profit-taking ahead of RBNZ, not yet holding onto 0.57
Oil broadly steady as OPEC+ agrees a further 188kbpd increase from August. Otherwise the overnight action mainly focused on USD/JPY creeping back higher again as the US holiday passes without incident, now back above 162 to be regaining its footing.
NZD/USD also looks to be drawing in profit taking after its recent run up into the RBNZ, slipping back below the previously regained 0.57. It may need market rate path validation from the CB to be continuing its attempted recovery into the 2026 range.
Not too much on the calendar this morning. German May industrial orders 1.9% m/m (mkt +1.5%) from -3.8%. Sentix and construction PMIs due shortly.