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NZD/JPY: A Subtle Distinction

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    On 10 March, Reserve Bank of New Zealand’s Governor Graeme Wheeler surprised markets with an unexpected 25 basis point reduction in the overnight cash rate. The RBNZ seemed comfortable with the 2.50% OCR which had just recently been reduced at the 10 December meeting. Central bank statement are formulaic and always very carefully worded. Central banks face a ‘language dilemma’ : how to comply with the legal requirements of a modern advanced economy and at the same time to present policy in the

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