NZ dollar strong against weak yen

Fri, 25 Jan 2013

Jan. 25 (BusinessDesk) – The New Zealand dollar was firm against a weak yen on a day in which Prime Minister John Key noted the benefits of a strong currency and economists reiterated that it will be strong for much of 2013. The kiwi was at 75.67 yen at 5pm, having traded as high as 75.70 yen from 75.30 yen at 8am. That compared to 75.24 at 5pm on Thursday. But it fell to 83.63 US cents at 5pm from 83.80 cents at 8am and 84.32 cents at 5pm on Thursday. The focus in afternoon trading was on Bank of Japan policy meeting minutes. Reuters repor...

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