91.685 JPY
+0.46 (+0.51%)

NZDJPY Key Statistics

Open price
91.111
High today
91.748
Low today
90.631
52 Week high
99.009
52 Week low
83.04
Trading hours
-12:00
-11:00
-10:00
-09:00
-08:00
-07:00
-06:00
-05:00
-04:00
-03:00
-02:00
-01:00
UTC 00:00
+01:00
+02:00
+03:00
+03:30
+04:00
+04:30
+05:00
+05:30
+05:45
+06:00
+07:00
+08:00
+09:00
+09:30
+10:00
+11:00
+12:00
+12:45
+13:00
+14:00
UTC 00:00
Symbol trading specification
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About NZDJPY

The two economies (Japan and New Zealand) are interconnected. The NZDJPY index shows the relative strength of the New Zealand Dollar compared to the Japanese Yen. Both countries have common interests in trading, and their Central Banks follow similar practices.

What is NZDJPY?

The NZDJPY is as old as their stock markets. Both economies are not liable in any economic alliance, and they can have their currencies free float against any other in the market. The currency pair shows the need for Japanese goods and services imported into New Zealand and vice versa. It concerns the overnight interest rates of both central banks that could either support or make the forex index plummet. However, the index has inputs from both the stock markets and could easily be approached by investors worldwide. It renews every 15 seconds, so traders willing to know how to invest in NZDJPY must keep tabs on potential price fluctuations.

How does the NZDJPY market work?

The NZDJPY works as every other forex index, and the daily demand for Japanese Yen or NZ dollars gives the tempo to the investors. A slight increase in the supply of Japanese Yen could easily make the index plummet. However, the index favored the Japanese Yen in most of the historical times. That shows the significant dependence of New Zealand on Japanese industrial production. Yet, investors willing to understand how to trade NZDJPY must stay alert and conduct their methods to plan their investments. The most popular strategies are carry and news trading, scalping, and conducting fundamental and technical analysis.

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