NZDJPY recently broke the key support level 69.500 (which reversed the price twice at the start of October, as can be seen below). The breakout of the support level 69.500 accelerated the active short-term corrective wave 2. Given the negative NZD sentiment coupled with the strongly bullish yen sentiment seen across the currency markets today, NZDJPY is likely to fall toward the next key support level 68.700 (low of the previous ABC correction (2) and the target for the completion of wave 2)