- CFDs & Forex Trading | Regulated Online Trading
- About Us
- Trading
- Platforms
- Resources
- Partners
- Research
Search
×
Forex Full Course
Get started quickly with our free forex trading course for beginners to level up on your trading knowledge.
Apply now to start trading
| Symbol | NZDJPY |
| Name | New Zealand Dollar vs Japanese Yen |
| Quote Currency | JPY |
| Monday Open | 00:05 |
| Friday Close | 23:59 |
| Session Break | 00:00-00:05 |
| Limit and Stop Level | 0 |
| Execution | Market |
| Trading Platform | MT5, Mobile App, WebTrader |
| Sector | Forex |
ZERO Deposit Fees
Choose from multiple (15+) deposit options such as Skrill, Neteller, Visa/Mastercard, Crypto, Local Bank and others with zero fees.
Global Market Access
Trade CFD's (1000+) on a wide range of instruments including Forex, Shares, Commodities, Indices, Precious Metals, Cryptocurrency and Energy.
Sub 30ms Latency Trading
Trades are executed through liquidity engines in LD4 and access servers in Asia, Europe and Africa.
€20,000 Protection per Claim
Clients are protected by the independent Financial Commission's Compensation Fund.
The NZDJPY Forex pair is a cross-rate relative to the US Dollar and represents the exchange rate between the New Zealand Dollar and the Japanese Yen. New Zealand’s economy is heavily influenced by agricultural and dairy exports, while Japan is a global leader in technology and manufacturing, with a strong emphasis on exports.
New Zealand’s Economy:
The NZD's value is closely tied to the performance of New Zealand's commodity markets, especially dairy products, which are a significant export.
Japanese Economic Policies:
Japan's economic health, influenced by its industrial output and export performance, plays a vital role in determining the JPY's strength. The Bank of Japan’s (BoJ) monetary policies and interventions also significantly impact the currency.
Interest Rate Differentials:
The monetary policies set by the Reserve Bank of New Zealand (RBNZ) and the BoJ, particularly interest rate changes, can influence the NZDJPY pair.
Global Risk Sentiment:
The pair is sensitive to global economic trends and risk appetite. The JPY is often considered a safe-haven currency and tends to strengthen during global economic uncertainties.
Successfully trading the NZDJPY pair in CFDs requires an understanding of both the New Zealand and Japanese economies, as well as global market trends.
Monitoring Commodity Prices
Keeping an eye on global commodity prices, especially dairy, is crucial due to their impact on the NZD.
Economic Indicators
Tracking economic data releases from both Japan and New Zealand, such as GDP, trade balances, and employment figures, can provide insights into potential market movements.
Central Bank Decisions
Following the monetary policy decisions of both the RBNZ and BoJ is essential for predicting the pair’s direction.
Technical Analysis
Utilizing technical analysis tools, including chart patterns and indicators, can help identify potential trading opportunities within the NZDJPY market.
Start trading NZD/JPY now!
The NZD/JPY pair is influenced by factors such as interest rate differentials between the Reserve Bank of New Zealand and the Bank of Japan, the economic health of New Zealand and Japan, global commodity prices (particularly dairy, as New Zealand is a major dairy exporter), and broader global market sentiment, especially in times of geopolitical or financial instability.
Economic indicators like GDP growth, unemployment rates, inflation, and trade balances in both New Zealand and Japan can significantly impact the NZD/JPY pair. For example, stronger economic performance in New Zealand relative to Japan might strengthen the NZD against the JPY.
The best times to trade NZD/JPY are typically during the Australasian and Asian trading sessions when market activity in these regions is highest, and during key economic announcements from both New Zealand and Japan.
Traders often employ strategies such as technical analysis, fundamental analysis, and range or trend trading for NZD/JPY. The choice of strategy depends on the trader’s risk tolerance, trading style, and market analysis.
Interest rate decisions can have a significant impact on NZD/JPY. For example, if the Reserve Bank of New Zealand raises interest rates while the Bank of Japan holds or lowers them, it could lead to a strengthening of the NZD against the JPY.
As New Zealand is a major exporter of dairy products, changes in global dairy prices can impact the NZD/JPY exchange rate. Fluctuations in commodity prices can affect the strength of the NZD.
Yes, geopolitical events, especially those impacting New Zealand, Japan, or global financial markets, can significantly affect NZD/JPY. The pair is also sensitive to changes in global risk sentiment.
New traders should understand the economic fundamentals of both New Zealand and Japan, be aware of the timings of key economic releases, and practice risk management. Starting with a smaller amount is recommended to gain experience when trading with real capital.
Beginner or Advanced? View our full suite of tools and resources to help traders of all levels.
Get started quickly with our free forex trading course for beginners to level up on your trading knowledge.
Evaluate your risk, monitor profit or loss for each trade & estimate trading costs with our full suite of calculators.
Follow high impact news and events for the financial markets including the latest economic data.
Stay up to date with the latest fundamental and technical analysis from the Baxia Markets Analyst team.
Find answers to common questions and topics related to trading with Baxia Markets and the trading platforms.
View our collection of free educational resources to help you become a profitable trader and learn risk management.
More than 1000 CFD instruments to trade on multiple asset classes with one broker.
Forex
Precious Metals
Crypto CFDs
Energy
Indices
Commodities
Shares
BAXIA LIMITED
BAXIA GLOBAL LIMITED
Join the community
Risk Warning: Margin trading involves a high level of risk, and may not be suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions with Baxia Markets, and seek independent advice if necessary. Forex and CFDs are highly leveraged products which mean both gains and losses are magnified. You should only trade in these products if you fully understand the risks involved and can afford losses without adversely affecting your lifestyle (including the risk of losing the entirety of your initial investment). You must assess and consider them carefully before making any decision about using our products or services.
Baxia Global Limited is a company registered in Seychelles with registration number: 8426970-1, and is regulated by the Financial Services Authority of Seychelles with License number: SD104.
Baxia Limited is a company registered in The Bahamas with registration number: 177330 B, and is licensed and regulated by The Securities Commission of The Bahamas (SCB), (SIA-F234).
Baxia Holdco Ltd, a company incorporated in the Republic of Cyprus with registration number ΗΕ 413062, at 4 Agiou Georgiou Makri, 6037 Larnaca, Cyprus, is a Paying Agent of Baxia Global Ltd. All payments related to Paysafe and other companies are processed by Baxia Holdco Ltd.
Baxia Markets is a member of The Financial Commission, an independent external dispute resolution (EDR) organization. The interests of Baxia Markets clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim.
The information on this website is general in nature and doesn’t take into account your personal objectives, financial circumstances, or needs. It is not targeted at the general public of any specific country and is not intended for distribution to residents in any jurisdiction where that distribution would be unlawful or contravene regulatory requirements. Baxia Markets does not offer its services to residents of certain jurisdictions such as USA, Cuba, Sudan/Republic of Sudan, Syria, Iran, Iraq, South Sudan, Venezuela, Libya, Belarus, Afghanistan, Myanmar, Russia, Crimea, Donetsk, Luhansk, Palestine, Yemen and North Korea.