After Abe told Reuter that The Bank of Japan "can wait a while" before easing more in October, data from japan has shown a sign of strength as the long term unemployment rate dropped from 1.7 to 1.3 on December. Maybe Mr. Abe is going to celebrate Christmas this year and putting on hold of whether releasing a further QE or waiting for the soft recovery.
KIWI is facing huge pressure on housing. Beside housing, data for the past two months has been fantastic for KIWI, yet I still believe there will be another wave of down trend moving coming.