NZDJPY Forex Chart

Live and Historical NZD/JPY Rates

The above chart shows the value of the New Zealand dollar (NZD) against the Japanese yen (JPY) – that is how many yen will purchase one New Zealand dollar. The Japanese yen is a major currency while the New Zealand dollar is not. NZD/JPY does not form a major pair or a commodity pair.
2 years historical rate data NZDJPY currency exchange

NZDJPY Analysis

New Zealand and Japan have a relatively close trading relationship because of their proximity and Japan’s need for some agricultural imports. This means the pair carries some of the highest volume of any of the kiwi-based pairs. During the kiwi’s heavy inflation during the early 2000’s, many investors were also able to profit from the yen’s stability in this pair. Presently, however, this is not a common carry pair. Since both nations trade heavily with the US, the biggest windows of opportunity involve the Australian economy and agriculture prices. As with all pairs involving JPY, pips are based on the hundredth (.01) rather than the ten thousandth place (.0001).

Broker Features Regulator Platforms Next Step
Number One Broker Blackbull LogoYour capital is at risk Founded: 2014
  • User-friendly platform with great trade-analysis tools
  • Leverage Up To 1:500
  • Spreads as low as 0.00 pips
  • Quality trade execution thanks to high-spec IT infrastructure
  • $0 minimum account opening balance
  • 26,000 tradeable instruments
  • Not available in all jurisdictions
  • Regulatory infrastructure
FSPR MT4
Your capital is at risk Founded: 2006
Europe* CFDs ar...
  • Multi-asset broker offering a wide variety of markets
  • Strong regulatory framework
  • Innovative risk management tools
  • Choice of market-leading platforms
  • Wide spreads on some markets
  • Expiry date on Demo Accounts
ASIC, FSA, FSB, MiFID MetaTrader4, Sirix, AvaOptions, AvaTrader, Mirror Trader
Between 74-89% of CFD traders lose Founded: 2010
Between 74-89 % of retail investor accounts lose money when trading CFDs
  • Low trading costs
  • Great market flow
  • Research and analysis which helps spot trades
  • Wide range of Copy and Social Trading options
  • Limited range of non-forex markets
ASIC, FCA MetaTrader 4, MetaTrader 5, cTrader
eToro Logo77% of CFD traders lose Founded: 2007
77 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
  • Social and Copy Trading Platform
  • Beginner Friendly
  • Risk-free Demo Account
  • Top-tier regulation
  • Limited means of raising queries
  • Withdrawal process isn’t really ‘client-focused’
ASIC, CySEC, FCA eToro Platform
XM LogoYour capital is at risk Founded: 2009, 2015, 2017
  • Low minimum deposit
  • Super- tight bid-offer spreads
  • Impressive trading platforms
  • Tier-1 regulators
  • Difficult to contact tech support
  • No Crypto
ASIC, CySEC, IFSC MT4 Terminal, MT4 for Mac, Web Trader, iPhone/iPad Trader, Droid Trader, Mobile Trader, MT5
FxPro LogoYour capital is at risk Founded: 2006
  • Very well regulated
  • Comprehensive education section
  • Fantastic customer service
  • No cryptocurrencies
  • Fees could be more competetive
CySEC, DFSA, FCA, FSB, SIA MetaTrader4, MetaTrader5, cTrader, FxPro Edge (Beta)

    The New Zealand Dollar

    The New Zealand dollar is also known as the “kiwi” or the “kiwi dollar” because of the bird that is pictured on some of the coin denominations. The smallest NZD denomination is the ten cent piece. NZD has been a floating currency since 1985. This came after being pegged to USD from its inception in 1967.  As the twelfth most internationally traded currency, NZD is very dependent on foreign interest rates and international currency trading for its success-now that it is no longer pegged to USD. New Zealand does have strong trade relationships with Australia and the United States.

    The Japanese Yen

    The Japanese yen is the third most traded currency in the world. The Bank of Japan has exercised major influence over the value of JPY. From 1990 into the ensuing decades, the Bank of Japan maintained a low interest rate for JPY. This resulted in the popularization of JPY as a carry currency and may have stimulated investment in Japanese assets. Domestic sources of silver, gold, and magnesium are enough to aid in business demands, but Japan remains dependent on foreign countries minerals and other essentials to modern trade. JPY is also a very popular reserve currency.

    See all forex charts