NZ dollar hits 3-year low vs. Japanese yen after BOJ refrains from adding further stimulus

Thu, 16 Jun 2016

By Tina Morrison June 17 (BusinessDesk) - The New Zealand dollar touched its lowest level against the Japanese yen in more than three years after the Bank of Japan failed to add further stimulus following a two-day meeting, sparking renewed interest in the yen. The kiwi hit 72.28 yen overnight, the lowest level since January 2013, and was trading at 73.44 yen at 8am in Wellington, from 73.75 yen at 5pm yesterday. The local currency slipped to 70.40 US cents from 70.76 cents yesterday. The Japanese yen soared and the country's 10-year b...

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