Free Trial

CIBC went short NZD/JPY at Y75.01.............>

FOREX
FOREX: CIBC went short NZD/JPY at Y75.01 yesterday, targeting Y72.35, with a
stop loss at Y76.85.
- CIBC's Bipan Rai noted that the "RBNZ has a sent a very strong signal that it
will cut rates at its May meeting. Doing so would make it the first central bank
amongst the developed markets to ease policy rates in response to the current
global slowdown."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.