• NZD eventually falling into place off c0.25% as USD demand bears drops
  
  
• 10year spread vz JGBs >300 bps led buyers & NZX50 hit record high
  
  
• NZD last at 0.7366/68 holds rate near 2.5% up on pre-RBNZ levels
  
  
• 0.7352 38.2% Fib of March decline close support, 0.7323 March low thereafter