The New Zealand business survey for June (ANZ conducts this) showed a marked deterioration in business sentiment
NZ data - Business Activity Outlook +9.4% in June (+13.6% prior)
Business confidence dropped to -39 (from -27.2 prior)
This weighed on the NZD but the selling has since spread to AUD also.
USD/JPY is off also, so AUD and NZD against the yen are tumbling
I mentioned earlier some short term support coming in USD/JPY around 109.70/80 on the charts ….. gettin' there now!
