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The NZ dollar sees further volaility against the YEN.

Written by Sam Coxhead on April 5th, 2012.      0 comments

3:53 PM (NZT) This pair has again had a volatile week, within a wide trading range. Interestingly the range has not broken new ground and highlights the sideways nature of the wider market movements over the last couple of weeks. Predominantly the lead has come from the wider market appetite for risk in the absence of material economic data in NZ. The Japanese data has been somewhat mixed, but as usual, this was of limited impact. Expect the lead to continue to come mostly from the equity markets again next week, with just the NZIER Business Confidence survey due for release in NZ on Wednesday.
 
The current interbank midrate is:                                                            NZDYEN 67.15                             
                                                               
The interbank range so far this week to date has been:                 NZDYEN 66.76 – 68.44              
 

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