RBNZ: Unprecedented decision – Westpac

Dominick Stephens, chief economist at Westpac, notes that the RBNZ has made an unprecedented decision to cut the OCR 50 bps in a nonemergency situatio
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USD/JPY stays in red near 106.30, 10-year US T-bond yield extends decline

After dipping a few pips below the 106 handle earlier in the day, the USD/JPY pair started to retrace its fall and was last seen trading at 106.25, st
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