Aussie, Kiwi Dollars Fall Versus Yen Amid Italy, Cyprus Concerns

The Australian and New Zealand dollars fell for a second day against the yen and sovereign bonds rose as Italy’s inability to form a government and Cyprus’s bailout damped demand for riskier assets.

The so-called Aussie also weakened versus the dollar as Chinese stocks slid the most in three weeks. Both South Pacific nations count China as their biggest trading partner. Financial markets in countries including the U.S., U.K. and Australia will be shut tomorrow for Good Friday.