NZ dollar pares gain vs. yen after BoJ disappoints, RBNZ looms

Tue, 11 Jun 2013

By Paul McBeth June 11 (BusinessDesk) - The New Zealand dollar pared gains against the yen after the Bank of Japan maintained the size of its asset purchase programme, disappointing some investors looking for more stimulus to help settle an increasingly volatile bond market. The kiwi traded at 77.34 yen at 5pm in Wellington from 77.97 yen at 8am, up from 77.04 yen yesterday. The local currency traded at 78.80 US cents at 5pm from 78.96 cents at 8am and 78.30 cents yesterday. Japan’s central bank kept its benchmark interest rate near zero a...

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