RBNZ: Likely to be on hold this week – Westpac

Imre Speizer, Research Analyst at Westpac, notes that the RBNZ started easing in 2015, from an OCR of 3.5% to 2.25% after cutting in March 2016. Key
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USD/JPY off highs, returns to 107.70

The Japanese currency remains on the defensive on Tuesday, lifting USD/JPY to the area of session highs in the 107.70/80 band. USD/JPY rebounds from
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