NZ dollar gains against yen as Bank of Japan seen increasing stimulus

Mon, 10 Jun 2013

By Tina Morrison June 11 (BusinessDesk) – The New Zealand dollar advanced against the yen in volatile trading on speculation the Bank of Japan may announce further stimulus measures today, prompting Japanese investors to seek higher returns in markets such as New Zealand. Since yesterday, the kiwi has traded between 76.15 yen and 78.40 yen. The local currency recently rose to 77.95 yen from 77.04 yen at 5pm in Wellington yesterday. Japan’s central bank will emerge from a two-day meeting today and is expected to announce further stimulus meas...

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