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News

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NZD/JPY price chart, background, and sentiment

Widgets supplied in partnership with Acuity. Pricing and sentiment does not represent ADSS data or market view.

NZD/JPY is a minor currency pair that is commonly traded in the forex market. The NZD/JPY price represents the exchange rate between the New Zealand dollar (NZD) and the Japanese yen (JPY), and the currency pair serves as a key reference point for gauging the relative strength of New Zealand and Japan’s economies. Traders and investors analyse the NZD/JPY exchange rate to make informed decisions in the forex market, which is characterised by its high liquidity and moderate volatility.

NZD/JPY Price Today

Widgets supplied in partnership with Acuity. Pricing and sentiment does not represent ADSS data or market view.

New Zealand and Japan are major economies in the Asia-Pacific region. The two countries are engaged in a bilateral trade relationship that consists of agricultural products, manufactured goods, automobiles, and electronics. Japanese companies have also invested in various sectors in New Zealand, including renewable energy and forestry. NZD is considered a commodity currency due to New Zealand’s exposure to international trade, while JPY is known for being a safe haven currency due to Japan’s stable economy. In periods of market uncertainty, NZD may potentially depreciate against JPY. Conversely, in times of increased risk appetite, NZD may potentially appreciate against JPY.

The NZD/JPY exchange rate is influenced by factors including interest rate differentials, economic data releases, geopolitical events, and central bank policies. Commodity prices also play a big role.

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