NZD/JPY

Trading specs, live price, historical rates, and upcoming economic events for NZD/JPY.

●NZD/JPY data refreshes every 5 min

minor · NZD/JPY

88.6100+0.03%

Spread: 0.0 pips · 24h range: 0.4060

Trading Specs

Contract Size
100,000
Tick Size
0.01
Pip Value (1 lot)
$1128.54
Margin Rate
3.33%
Min Lot
0.01

Market Profile

24h High
88.9230
24h Low
88.5170
Volume 24h
0
Best Sessions
Sydney, Tokyo

About NZD/JPY

NZD/JPY shares many characteristics with AUD/JPY - a commodity-exporting currency against the safe-haven yen - but with added sensitivity to New Zealand's specific economic drivers. Dairy prices (tracked via the Global Dairy Trade auction every two weeks) are a unique catalyst; a strong GDT result often lifts NZD/JPY. The RBNZ is known for being proactive, and its OCR decisions produce sharper reactions in NZD crosses than many traders expect. The pair also reacts to Chinese economic sentiment, as well as risk appetite measured through global equities. Daily ranges typically run 50-90 pips. Like AUD/JPY, NZD/JPY earns positive carry for long positions due to New Zealand's relatively high interest rates. The pair is most liquid during the Sydney and Tokyo sessions, with liquidity thinning notably during the New York afternoon.

Historical Rates - Last 7 Days

Live price data is not currently available for this cross pair. Trading specs and session information are still shown below.

See full price history on the historical rate lookup tool.

Upcoming Economic Events

  • Oct 14
    JPYMachinery Orders MoM
    Med
  • Oct 14
    JPYMachinery Orders YoY
    Med
  • Oct 15
    JPYBoJ Koeda Speech
    Med
  • Oct 15
    NZDBusiness NZ PMI
    Med
  • Oct 18
    NZDBalance of Trade
    Med
  • Oct 20
    JPYBalance of Trade
    Med
  • Oct 20
    JPYExports YoY
    Med
  • Oct 21
    NZDInflation Rate QoQ
    Med

See all events on the economic calendar.

Frequently Asked Questions

What is the pip value for NZD/JPY?

One standard lot (100,000 units) on NZD/JPY has a pip value of approximately $1128.54. The minimum price increment (tick) is 0.01. A pip is typically the second decimal place for this pair, meaning 1 pip = 0.01 for yen pairs.

What time is NZD/JPY most active?

NZD/JPY sees its highest trading volume during the Sydney and Tokyo sessions. Cross pairs like this one see their best liquidity during the overlap of their two currency sessions. Outside of those windows, spreads may widen and order book depth can decrease.

What economic events affect NZD/JPY most?

The most impactful events for NZD/JPY come from the NZD and JPY economies. Bank of Japan policy decisions, including any changes to yield curve control, are the yen's highest-impact events. Japan's Tankan business survey and GDP data also matter. RBNZ Official Cash Rate announcements and the Monetary Policy Statement are closely watched. Global dairy auction results (GDT Price Index) can also move the Kiwi meaningfully. The upcoming events section above lists the specific releases scheduled in the next two weeks.

NZD pairs

JPY pairs