• NZD/USD +1.4% from Thur 0.5823 low, DXY lower in wake of JPY intervention

• Strait of Hormuz impasse continues, oil softens but WTI still above $105

• U.S. initial jobless claims 189k (poll 215k), Q1 GDP +2.0% (poll 2.3%)

• NZD approaching key 0.5930 inflection point, will be tough to break

• Futures pricing implies May RBNZ hike probability slipping below 34%

• NZ Q1 employment data Wed will provide pivotal input for expectations

• Range NZ 0.5904-10, support 0.5680 0.5580, resistance 0.5930 0.6090-95
NZD Daily 55-DMA

(James Connell is a Reuters market analyst. The views expressed are his own.)