The cut was as expected, but on the statement, RBNZ says that interest rates is expected to be steady, without cuts in the future. What you think about this? Will JPY be stronger than NZD through next weeks?
i think nzd goes up before it goes down now. Saying that he expects rates to remain unchanged going forward is pretty bullish, hence its going up even after a cut. Ill be looking to short nzdusd up at .69 now.