US Treasury yields moved higher, with the 10-year yield closing back above 4.25%, hinting at renewed pressure on the long end rather than any rush into safety. In FX markets, Dollar remains the worst performer of the week, with selling pressure returning after the Fed. According to Stats NZ, goods exports jumped 15% year-on-year to NZD 7.7B, while goods imports rose by a similar 15% to NZD 7.6B, reflecting strong two-way trade flows at year-end. Shipments to Australia rose NZD 204m (26% yoy), while exports to the EU increased NZD 120m (31%). This will remain the favored case as long as 0.6706 resistance turned support holds, even in case of deep pullback.