Forex Cross
NZD/JPY — New Zealand Dollar / Japanese Yen
1.2 – 3.5 pips · 55 – 100 pips
NZD/JPY is a high-beta risk proxy, similar to AUD/JPY but thinner. It typically leads or exaggerates moves in global risk sentiment.
Risk first
Numbers below are typical ranges, not guarantees — spreads, swaps and volatility differ per broker and market regime. Size every position from your stop distance and account risk, never from a fixed lot habit.
Contract specifications
| Spec | Value |
|---|---|
| Contract size | 1.00 lot = 100,000 NZD |
| Pip / tick value | 0.01 → ca. 6.5 – 7 USD / 1.00 lot |
| Typical spread | 1.2 – 3.5 pips |
| Typical daily range | 55 – 100 pips |
| Best trading hours | Asian session and London open |
What moves this market
- ▸Global risk appetite
- ▸RBNZ policy
- ▸Commodity demand from Asia
Correlations to watch
- ▸Extremely high to AUD/JPY
- ▸Positive to equity indices
How traders approach it
- ▸Momentum trades in clear risk regimes
- ▸H4 trend continuation
- ▸Cut exposure when the VIX expands
Typical mistakes
- ▸Running it beside AUD/JPY at full size
- ▸Ignoring weekend gap risk
Related instruments
Analyse it in FX CURIO
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