NZDJPY - New Zealand Dollar / Japanese Yen
Trading Conditions
* Only if Margin Level > 100%
The average spreads provided for each platform are updated on a daily basis to reflect the average for the previous day. Though FxPro attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. FxPro has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions of Business'.
The NZD/JPY currency combination is not widely traded, yet it can still fill a niche role in the experienced investor’s portfolio. The low trading volume of the pair makes it prone to sudden movements, and it’s typically considered to be volatile and hard to predict. The performance of the combination is heavily influenced by the correlation between two very different economies –New Zealand and Japan – and as a result, spreads are often wide.
Depending upon your individual trading style, this volatility is either a highly desired or highly disliked. It should only ever be traded where protective stop-loss orders are used. This pair's significant risks make it highly unsuitable for novices but it is an ideal instrument for traders with more experience and a libertine approach to risk.
Please note that changes in the New Zealand and Japan economies usually affect the NZD/JPY quotes. The RSI indicator and support/resistance levels are two excellent ways to determine entry and exit points in the short, medium and long term.
If you are interested in trading the NZD/JPY currency pair, contact FxPro today and open trading account in several minutes.