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Prices are our trading platform's bid for NZDJPY. Times are server time, New York + 7 hours (GMT+2 now). Past performance is not a reliable indicator of future results.
The spread when you open, shown live above, and a swap for each night the position stays open. Spreads widen around news and at low liquidity.
Read from our trading platform daily. The specification in MetaTrader 5 always prevails.
Server time is New York time + 7 hours.
The change in each calendar month, from our platform's month-end closing prices (bid). Our history for this instrument starts in February 2025.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +3.37% | +0.41% | −2.56% | +1.45% | +3.09% | −3.25% | +0.52% | +1.89% | −6.18% | +0.08% | +0.24% | |
| 2025 | −3.57% | +0.99% | −0.36% | +1.26% | +2.14% | +1.15% | −2.32% | −1.19% | +2.96% | +1.56% | +0.69% | |
| Average | +3.37% | −1.58% | −0.79% | +0.54% | +2.17% | −0.55% | +0.83% | −0.21% | −3.68% | +1.52% | +1.56% | +0.69% |
| Months higher | 1/1 | 1/2 | 1/2 | 1/2 | 2/2 | 1/2 | 2/2 | 1/2 | 0/2 | 2/2 | 1/1 | 1/1 |
Month to date · Past performance is not a reliable indicator of future results.
No recent articles on this instrument.
No recent headlines on this instrument.
Headlines from other publishers, linked to the original article. They are not written or endorsed by GCC Brokers.
GDP Growth Rate QoQ PrelJPY
Nov 16, 01:50 · Forecast 0.1% · Previous 0.3%
Balance of TradeJPY
Nov 18, 01:50 · Previous -¥556.5B
High-impact releases for NZD, JPY over the next 7 days, in server time (GMT+2). Dots on the 1D and 5D charts mark recent releases.
NZD/JPY is a minor currency pair that represents the exchange rate between the New Zealand Dollar and the Japanese Yen. This pair reflects the economic relationship between New Zealand's commodity-driven economy and Japan's major industrial economy. NZD/JPY typically sees moderate daily trading volume, making it an attractive instrument for traders seeking alternatives to major pairs while maintaining reasonable liquidity and volatility.
The price of NZD/JPY is primarily influenced by interest rate differentials between the Reserve Bank of New Zealand (RBNZ) and the Bank of Japan (BOJ), New Zealand's dairy and commodity exports, Japan's economic data, and broader risk sentiment. When risk appetite strengthens, NZD/JPY tends to appreciate as the Yen weakens; conversely, risk-off periods can pressure the pair as investors seek the safety of the Japanese Yen. Central bank policy decisions and economic calendars from both countries are critical drivers.
At GCC Brokers, NZD/JPY is available with automatic execution and no manual intervention. We offer variable spreads across both Zero and Standard accounts. Whether you're a scalper or swing trader, GCC Brokers provides the infrastructure and regulation (FSC Mauritius) to trade this minor pair confidently.
NZD/JPY trades 24 hours a day, five days a week, opening with the Sydney session and closing with New York. Liquidity usually peaks during New Zealand and Japanese market hours and the Asian–European overlap. The exact hours, in server time, are in the specifications above.
Spreads are variable and depend on market conditions and your account. Standard and Pro have no commission, and Pro has tighter spreads; Zero has raw spreads plus a commission. The live spread is shown on this page.
Key drivers include interest rate decisions from the RBNZ and BOJ, New Zealand's commodity prices (dairy, wool, oil exports), Japanese economic data (GDP, inflation, employment), and global risk sentiment. Carry trade activity is also significant, as the interest rate differential between New Zealand and Japan can attract traders seeking yield. Geopolitical events affecting safe-haven demand for the Yen can create sharp movements.
NZD/JPY has historically been popular for carry trades due to the interest rate differential between New Zealand and Japan, though this can vary based on central bank policies. Traders using carry strategies should monitor RBNZ and BOJ rate changes closely, as shifts in policy can dramatically alter the attractiveness of the pair. Risk management is essential, as sudden reversals in risk sentiment can trigger rapid depreciation.
Execution is automatic, with no manual intervention and no requotes, and slippage is symmetric, so price improvements are passed on as well. This matters on minor pairs like NZD/JPY, where liquidity can vary. GCC Brokers Limited is regulated by the FSC Mauritius.
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Prices stream from our trading platform. Pro and Zero accounts are priced differently; see trading costs below.
