Introduction The NZD/JPY Pair

The NZD/JPY (New Zealand dollar/Japanese Yen) is the relation of the New Zealand dollar against the Japanese Yen. The NZD/JPY cross currency gives one the possibility to convert New Zealand dollar’s directly into Japanese Yen’s (1 NZD per x JPY).

Forex Knowledge: Trading the NZD Dollar/Japanese Yen

• Typical broker spread: 2.5-6 pips
• Most active trading sessions: Euro and US session / NZD & JPY economic events
• Most active trading hours: 5:00 GMT -18:30 GMT
• Average daily range (high-low): 100 pips
• Trading strategies to trade NZD/JPY: Click here
• Recommended level of trading experience: Advanced
• Value of one pip NZD/JPY: Variable

Economic Events That Move NZD/JPY

A. New Zealand

• Gross Domestic Product (GDP)
• ANZ Commodity Price Index
• Retail Trade
• RBNZ Rate Decision

B. JAPAN

• Trade Balance
• Merchandise Trade Balance Monthly
• Gross Domestic Product Quarterly (GDP)
• Tankan Survey
• Tertiary Industry Index
• Leading Economic Index
• Consumer Price Index (CPI)
• Domestic CGPI
• BoJ Monetary Policy Meeting and Announcement
• BOJ Monetary Policy Meeting Minutes
• BoJ Monetary Policy Monthly Report