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The New Zealand dollar that slipped to an 11-day low of 62.62 against the Japanese yen around 8:35 am ET reversed direction shortly. At present, the kiwi-yen pair is trading at a 2-day high of 63.29 and this may be compared to yesterday's close of 63.15. If the pair strengthens further, 63.50 is seen as the next likely resistance level.
