Are seasonals favouring further #NZDJPY gains?
The #RBNZ is on course to raise interest rates up to a projected terminal rate of 3.3%. This means the RBNZ is now on a hiking cycle to control #inflation and subdue a hot housing market which should result in medium term NZD strength.
By contrast the BoJ is keeping its 10 year bonds in the +0.25% to -0.25% band, has low inflation, and is expected to keep its low interest rates unchanged for the foreseeable future.
Find out more in the latest insights with Giles. D.L. Coghlan. LLB. Lth. MA.