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The NZ dollar sees further gains against the YEN this week

Written by Sam Coxhead on February 24th, 2012.      0 comments

4:36 PM (NZT) The NZDYEN pair has had a relatively contained week when compared to recent weeks. Unsurprisingly the NZD has seen a little further appreciation, as the YEN has been under further pressure across the board. The price action has been driven by increased appetite for risk towards the end of the week. This coupled with the weakening trend of the YEN, has eased the way higher for the NZ dollar. Next week the lead will  continue to come from the wider market appetite for risk, and focus will be on the NBNZ Business Confidence Survey results on Wednesday.
 
The current interbank midrate is:                                                            NZDYEN 67.10                              
                                                               
The interbank range so far this week to date has been:                 NZDYEN 66.27 - 67.31             
 

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