New Zealand dollar – (bank code: NZD) – often called “kiwi” – the official currency of New Zealand, also on the islands: Niue, Cook Islands, Tokelau, and Pitcairn. The Japanese yen – (Japanese 円 en, currency sign – ¥, bank code: JPY) is the currency of Japan, one of the main reserve currencies in the world.
The NZ dollar to Yen currency pair is not the most common pair in Forex, however, before the global financial crisis, the New Zealand dollar to Yen pair was the most attractive for carrying trade strategies.
The NZD to Yen exchange rate in the best trading times was at 7.75% (8.25% for the NZD and 0.5% for the JPY). Now the New Zealand dollar to Japanese yen from the position of a carry trade also looks good, however, the New Zealand dollar is noticeably inferior to the Australian currency and the raw materials component of the New Zealand resource economy during the global recovery stimulates demand in this currency pair.
Factors affecting the NZD to JPY exchange rate are the difference in interest rates between New Zealand and Japan, the demand for minerals, and the general trend in the market. Factors affecting the NZ dollar to Japanese yen exchange rate are the difference in interest rates between New Zealand and Japan, the demand for minerals, and the general trend in the market.
The NZDJPY analysis takes deep researching many economic indicators of New Zealand’s main trading partners. For this reason, we created an NZD JPY live chart which you may read about below.
NZD JPY forex live chart
Using the current NZDJPY live chart, you can track down the dynamics of the NZD to JPY pair in real-time. NZD JPY chart allows you to conduct NZD JPY technical analysis using the main indicators. The correct forecast of NZ dollar to Japanese yen pair’s movements becomes possible only with the help of technical analysis.
For the NZD to Japanese yen pair, the contract size is 100 NZD. It means that you can’t Exchange 1 NZD for Yen. To convert NZD to JPY you have to sell at least 100 NZD. The NZ dollar to yen currency pair trades on average from 30 to 150 pips per trading day. The information presented in the NZDJPY forex chart allows you to track the daily dynamics, minimum and maximum rates. If you apply candlesticks, each candlestick on the NZ to YEN chart above displays the open, close, high, low prices for a selected period.
You can also add some additional indicators which are so popular among traders: moving averages, Bollinger bands, MACD, RSI, Stochastic, Fibonacci levels, and so on. NZ dollar to JPY rate depends only on the direction and movement nature of the New Zealand dollar and Yen indices.
You also can find an appropriate broker to convert NZD to Japanese yen right here. If you don’t know NZD JPY investing very well, we provideyou NZDJPY news on this topicwhere you can get new and interesting information.
NZD JPY news
All news list here gives you NZDJPY ideas on strategies, reliable brokers as well as the NZD JPY analysis today. Some news contains projections for the NZD JPY rate. Using this information, you always will be one step ahead of other traders.