Bearish
NZD/JPY drops 1.28% to 90.71 amid RBNZ's cautious rate hike and JPY strength.
Over the past 24 hours, NZD/JPY declined by 1.28%, closing at 90.71. This movement was influenced by the Reserve Bank of New Zealand's (RBNZ) recent rate hike, which was less aggressive than market expectations, and the Japanese yen's strength.
Key points
- RBNZ's rate hike to 2.75% was less aggressive than anticipated, leading to NZD sell-off.
- JPY's strength contributed to NZD/JPY's decline.
- No significant market-moving news in the past 24 hours.
Sources
AI-generated from public news sources. Not financial advice.
