Investing.com - Investing.com - The New Zealand dollar extended recent gains against the yen on Tuesday, rising to fresh six-year highs, boosted by a stronger growth outlook and hopes that China will soon take steps to shore up slowing economic growth. NZD/JPY hit highs of 89.93, the strongest since November 2007, and was last up 0.25% to 89.72. The pair was likely to find support at 88.87, Monday's low and resistance at 91.00. The New Zealand dollar gained more than 5% against the yen in March as the Reserve Bank of New Zealand began to tighten monetary policy, while growing expectations for monetary stimulus in China, a key export market for New Zealand and Australia, also benefitted the kiwi. Last Friday China's Premier Li Keqiang said the government had the necessary policies in place to aid the economy and would speed up plans for infrastructure investment. The kiwi rose to fresh two-and-a-half year peaks against the U.S. dollar on Tuesday, with NZD/USD hitting highs of 0.8702, the strongest level since August 2011. Meanwhile, the Australian dollar touched eight month highs against the yen on Tuesday, after the after the Reserve Bank of Australia left interest rates on hold at 2.5%, in a widely anticipated decision. AUD/JPY hit session highs of 96.04, the strongest since June 2013, before paring back gains to trade at 95.65. The Aussie came off highs after the central bank noted that the currency still remained high by historical standards. AUD/USD hit four month highs of 0.9302, before retracing gains. The pair was last down 0.16% to 0.9248.

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