Flash: Buying NZD/JPY on dips - ANZ

FXstreet.com (Bali) - According to Richard Yetsenga, FX Strategist at ANZ, the Fed’s move supports reversification.

Key Quotes

"We are buyers of NZD/JPY on dips, but are suspicious of the move lower in AUD/NZD."

"It seems that the most important drivers of foreign holdings of NZ bonds are global factors, and not domestic."

"In Asia, markets need to move past the idea that only current account deficit currencies are vulnerable to tighter global liquidity."