USD-JPY eked out a new four-week high of 113.69, and the New Zealand dollar rallied strongly following an announcement that a new RBNZ governor had been appointed, which was greeted as a something of a relief by Kiwi markets (the currency having been under pressure amid a cloud of policy uncertainty following elections in September). USD-JPY’s high came amid a risk-on backdrop, with equity markets rallying across the Asia region today following Wall Street’s lead after the S&P 500 notched up another closing record on Friday.
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