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• NZD/JPY steadied on Tuesady as increased risk sentiment boosted kiwi dollar against yen.
• On the data front, Japan's unemployment rate fell to 2.5% in August, down from 2.7% in July, and exceeded market estimates of 2.6%.
• The Bank of Japan's quarterly Tankan survey showed that confidence among large manufacturers remained at a two-year high in the third quarter.
• The technical outlook remains bullish and points to eventual bigger gains, Fourteen-day momentum is positive, reinforcing the scope for a bigger gains .
• Immediate resistance is located at 91.69(38.2%fib), any close above will push the pair towards 92.33 (Sep 27th high).
• Support is seen at 90.65 (Aug 30th low) and break below could take the pair towards 90.00(Psychological level).
Recommendation: Good to buy around 91.30 with stop loss of 91.00 and target price of 92.00
