Intra-Day Market Moving News and Views USD/JPY, NZD/USD
24 Apr 2014 02:14GMT
NZD/USD - 0.8630... New Zealand's central bank raised its benchmark cash rate by 25 basispoints to 3.00 percent earlier today, as widely expected.
RBNZ said there would be further increases tokeep on top of inflation pressures in the strongly-growing economy.
New Zealand dollar strengthened to as high as0.8638 after hawkish statement by Reserve Bank Governor Graeme Wheeler.
24 Apr 2014 01:57GMT
USD/JPY - 102.45 ... Althoughthe greenback has staged a rebound to 102.57 in Australian morning today afteryesterday's cross-inspired retreat from 102.69 to 102.17 (Europe), renewedselling below 102.55/60 capped dlr's upside n more offers are tipped at 102.65/70with stops only seen above 102.75.
Nikkei-225 index pared some of early losses ncurrently dropped by 16 points to 14530.
Trading is likely to be thin today as investorsare waiting for Friday's release of Tokyo CPI data, the first reading after thesales tax increase.
Besides, BOJ board members will set policy onApril 30, when they will release their latest forecasts on inflation andeconomic growth.
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