Convert NZD to JPY
The NZD/JPY currency pair sees significant movement during the release of important economic data from New Zealand and Japan, including GDP, inflation, employment, wages, retail sales, business sentiment, trade balance and PMI readings from both manufacturing as well as services sectors.
The NZD/JPY forex pair sees a movement of around 70 pips on average.
As the NZD/JPY experiences considerable volatility based on the market sentiment, trading the pair requires ample expertise in both fundamental and technical indicators. As a result, this pair is not as easy for new, inexperienced forex traders to trade.