Trade NZD/JPY

The NZD/JPY (NZDJPY) forex currency pair consists of the New Zealand dollar (NZD) and the Japanese yen (JPY). Various factors determine the NZD/JPY exchange rate, including interest rates set by the Reserve Bank of New Zealand (RBNZ) and the Bank of Japan (BoJ), as well as the trade balance, employment change, CPI and GDP in both countries. Commodity prices, especially agricultural and dairy prices, also have an effect on the pair, due to New Zealand's significant export of these commodities.