Convert NZD to JPY - New Zealand dollar to Japanese yen Exchange Rate | FX LeadersFX Leaders
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WHAT IMPACTS THE NZD/JPY EXCHANGE RATE
The NZD/JPY currency pair represents the trading of the New Zealand dollar against the Japanese yen, and is a very interesting pair for forex traders. It trades a commodity currency - NZD, against a safe haven currency - JPY, and offers ample volatility to generate profits when traded carefully.New Zealand is a key exporter of important commodities, including dairy, meat and wool. As a result, fluctuations in the prices of these commodities have a severe impact on its economy and in the value of the NZD. On the other hand, the Japanese yen is considered a safe haven currency that traders turn to in times of heightened economic uncertainty.The exchange rate of the NZD/JPY sees significant price action based on the market sentiment - a risk-on sentiment drives the NZD higher and turns this pair bullish, while a risk-off sentiment strengthens the JPY and turns this pair bearish. The pair sees higher volatility than most other forex pairs during changes to the risk sentiment in markets. In addition, key economic events as well as central bank announcements by the Reserve Bank of New Zealand (RBNZ) and the Bank of Japan (BOJ) also affect the exchange rate of this forex pair.
NZD to JPY CONVERSION RATES
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JPY
<% amount * currencies.converter.rate |toFixed: 4 %> JPY
JPY
NZD
<% amount / currencies.converter.rate |toFixed: 4 %> NZD
NZD to JPY CHARTS
NZD/JPY Live Chart
NZD/JPY Historical Chart
NZD to JPY EXCHANGE RATE - FAQ
What are some of the important economic events that can impact the exchange rate of NZD/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.

How volatile are NZD and JPY?

The NZD/JPY forex pair sees a movement of around 70 pips on average.

How safe is it for new forex traders to trade NZD/JPY?

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.