Saw the New Zealand dollar against the Japanese yen fell with the start of trading today after two sessions of gains pushed the pair to its highest level in more than two months, this comes under the improved outlook for the New Zealand currency compared to Palin. At exactly 02:30 GMT, the New Zealand dollar pair traded against the Japanese yen at the level of 91.47 after recording the highest at 91.85 approaching the highest level in two months, his record yesterday at 91.90, and the husband had the lowest levels of the beginning of the meeting at the level of 91.34.
Japanese yen began to fall in front of many of the major currencies despite the rise and traded below the 120 level against the US dollar, this comes because of the weak outlook for the Japanese currency compared with other currencies, especially in light of the current monetary policy in Japan stability.
Japan's central bank has installed its monetary policy during the last meeting with the bank continued to buy government and private bonds worth 80 trillion yen annually, in light of the Bank of Japan's attempts to reach the inflation target at 2%. But inflation target continues to be elusive in light of the decline in crude oil and energy prices coupled with declining spending by the household sector in Japan rates.
As for the New Zealand dollar finds support from the current monetary policy in New Zealand's central bank, which refused to resort to cut interest rates and to join the central banks around the world that have done so, as the Bank believes that the New Zealand economy is different under recorded moderate growth rates during the fourth quarter with expectations it would improve during 2015.
Stable growth rates and the stability of the monetary policy interest rates at 3.5% gives preference in the New Zealand dollar trading against the Japanese yen....
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