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Asia market update: Kiwi plummets -1.0% on RBNZ hold, 2-yr yields -16bps; Soft AU CPI fails to impact AUD; HK Budget brings property relief; Toyota holding out on Spring wage talks?; US Q4 GDP tonight.
- Focus on 2nd reading of US Q4 GDP data. - RBNZ kept its policy steady and softened its previous threat to lift rates even further.
- Relatively flat US dollar and mixed EU indices as risk sentiment remains undecided after little overnight and weekend macro news with US returning for trade today from Presidents Day.
Asia Market Update: CN deflation persists; JP continues prep for exiting NIRP; Nikkei fresh 34-yr highs; US initial jobless in focus tonight.