NZ dollar weakens vs. yen after Bank of Japan action underwhelms

Tue, 30 Oct 2012

By Jonathan Underhill Oct. 31 (BusinessDesk) - The New Zealand dollar fell against the yen after the Bank of Japan added to its monetary easing though not enough to weaken its currency appreciably while markets remain subdued in the wake of Sandy and ahead of US presidential elections. The kiwi dollar bought 65.32yen from 65.45 yen at 5pm in Wellington yesterday. The local currency traded at 82.07 US cents from 82.01 cents. The yen rose against most of its trading peers after the BOJ expanded its asset-purchase program by 11 trillion yen to...

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