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NZD/JPY: Bottom's Up!

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 12, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    On 10 September the monetary policy statement announced a 25 basis point reduction in the overnight cash rate. This was the third consecutive reduction. At the 29 April meeting, the tone was cautious. Although the OCR remained unchanged at 3.50%, RBNZ Governor Graeme Wheeler notedi that “...The bank expects to keep monetary policy stimulatory and is not currently considering any increase in interest rates...” Annualized inflation was at a 15 year low, 0.1% with RBNZ expectations of below target

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