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NZD crosses firmed overnight on the back of....>

KIWI
KIWI: NZD crosses firmed overnight on the back of a stronger-than-expected CPI
reading and broader risk-on flows. AUDNZD extended its corrective pullback off
Monday's ytd high (NZ$1.0670) to NZ$1.0508 and seen approaching support at the
NZ$1.05 level. A break here is likely to accelerate the move toward NZ$1.0460/55
which represents the Jan 4 low & 38.2% retracement of NZ$1.0106-1.0670. NZDJPY
touched Y74.48, its highest level in four weeks with topside focus on a break of
the Dec 27 high & 100-dma at Y74.98.  

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