Trading of complex financial products, such as Stocks, Futures, Foreign Exchange (‘Forex’), Contracts for Difference (‘CFDs’), Indices, Options, or other financial derivatives, on ‘margin’ carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any of these markets you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full ‘General Risk Disclosure’ and ‘Risk Disclosures for Financial Instruments & Investment Services’.

New Zealand Dollar vs Japanese Yen •NZDJPY•



The NZDJPY pair is the abbreviation for the cross between the New Zealand dollar and Japanese Yen. The pairing is distinct in that it represents a combination of a commodity risk currency and a safe haven currency. During periods of uncertainty, the Japanese Yen tends to strengthen. The lower yield of the Japanese Yen makes the pair to be an attractive option for carry trades. The currency pair is traded most actively during the Asian trading session when both the New Zealand and the Japanese markets are open. The currency pair is often influenced by economic and political policies of New Zealand and Japan as well as unemployment rates, inflation and GDP growth.

Trade Forex, Commodities, Precious Metals, Energies and Equity Indices from 1 Account.