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RBNZ’s Orr: Central bank can increase the monetary stimulus if needed

In a press interview with NZ Herald earlier this morning. Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr said that the central bank can increase the monetary stimulus if needed.

Additional quotes

We can continue to provide a monetary stimulus for a long, long time.

Rates will remain low for a long time.

We've got various means.

Confident we will get through this coronavirus crisis together. 

USD/JPY holding form following spike in oil markets

USD/JPY is relatively bid in Asia despite the risk-off tones circulating which would usually keep the yen underpinned. There are concerns over the Jap
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NZD/USD: Muted reaction to China data, Friday’s close pivotal

NZD/USD is barely moving in response to the China service sector data released at 01:45 GMT. Caixin’s Services PMI for March came in at 43 versus Febr
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