NZ dollar hits 4-year high vs. yen as expectations for more BOJ easing grow

Tue, 12 Mar 2013

By Paul McBeth March 12 (BusinessDesk) - The New Zealand dollar rose to a four-year high against the yen as Japan's currency weakened on expectations for more monetary easing when a new governor is appointed to the central bank. The kiwi rose as high as 79.88 yen, and traded at 79.59 yen at 5pm in Wellington from 78.97 yen yesterday. It rose to 82.42 US cents from 82.11 cents yesterday. Japan's yen weakened 0.5 percent to 96.51 per US dollar after Asian Development Bank President Haruhiko Kuroda, a front-runner for the Bank of Japan job, y...

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