The weekly performance of the New Zealand dollar is reported. The NZ dollar weakened against the yen, with NZ dollar-yen falling to around ¥89.07, while bond yields rose, led by longer-term bonds. During the week of the 14th-18th, movements widened again, and the market focused on the Bank of Japan's decision to raise interest rates and the background to that decision.
NZ dollar-yen fell to around ¥89.07, down ¥0.28 from the previous day. Although the article does not specify movements in short-term bonds, it reports rising yields on longer-term bonds. This is interpreted as having contributed to the continued decline in the NZ dollar against the yen.
The week from the 14th to the 18th also included a period in which NZ dollar-yen rose, suggesting that the market fluctuated over a short period.
The Bank of Japan was reported to have decided to raise interest rates, while 2 of its policy board members were reported to have opposed the decision. Governor Ueda's press conference was also highlighted as a matter of market interest and is expected to affect the future course of interest-rate policy.