New Zealand NBNZ Activity Outlook declines to 32.4% in Mar from 37.6%

The NZD/JPY continued on Tuesday its move toward multi-year highs that lie at 79.74 (Mar 12 high). Currency Strategist at BNZ Mike Jones expects the Kiwi to keep trending slowly higher during 2013 on the back of a recovering global demand that would bolster commodity prices and as Japanese authorities engage bold easing.