Dovish RBNZ Sends NZD Plummeting

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G10 Advancers and Decliners vs USD

JPY
0.18

GBP
-0.03

CHF
-0.11

EUR
-0.18

• Japan’s Tsumura sees signs of self-sustained recovery in domestic demand.

• Japan’s Hirano was more pessimistic; saying economy still in severe state despite positive growth

• Japan Q4 GDP was revised to +0.9% q/q, +3.8% annualized (1.0%/4.0% expected, 1.1%/4.6% prior)

• Reports that the China Statistics Bureau sees mild inflation in the coming year, but no signs of overheating.

• China CPI…

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