Cross pair
NZD/JPY: volatility, trading hours and correlation
The New Zealand dollar against the Japanese yen. NZD/JPY has averaged 76 pips a day over the last 90 days, with recent volatility close to its one-year norm. It tends to move most between 13:00 and 16:00 UTC.
- Last close
- 89.245 16 October 2026
- Avg daily range
- 76 pips 90 days · 0.85% of price
- 1-year change
- +3.69% NZD stronger vs JPY
- 52-week range
- 85.344 – 95.430 Low to high
NZD/JPY over the last 12 months
Daily closes
When NZD/JPY moves most
Average high-to-low range for each hour of the day over the last year, in pips (UTC). The busiest three-hour window is highlighted. 21:00–23:00 UTC includes the daily rollover, when spreads widen and bid prices dip, so those hours are left out of it.
Want these hours in your own time zone? Open forex market hours. To compare NZD/JPY with other pairs, read the most volatile hours in forex.
Average range by weekday
Pips, last 12 months. Ranges are similar every weekday, within 2 pips of each other.
Calendar-year performance
% change in NZD/JPY each year, latest year to date
NZD/JPY seasonality
Average % change by calendar month across the last 9 years. June has been the strongest month on average and August the weakest. Seasonality is a tendency, not a forecast.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Avg change | -0.12% | -0.53% | -0.20% | +0.36% | +0.57% | +1.97% | -1.05% | -1.26% | 0.00% | +1.07% | +1.03% | -0.11% |
| Years up | 67% | 56% | 33% | 56% | 67% | 78% | 44% | 44% | 44% | 44% | 67% | 56% |
NZD/JPY correlation
Correlation of daily returns with other pairs. +1 means they move together, −1 means they move in opposite directions. How to use correlation.
Biggest daily moves in the last year
The five widest high-to-low days for NZD/JPY.
| Date | Range | Open to close | × normal day |
|---|---|---|---|
| 30 July 2026 | 256 pips | -0.94% | 3.2× |
| 30 April 2026 | 242 pips | -1.00% | 3.0× |
| 2 September 2026 | 220 pips | -1.62% | 2.7× |
| 31 July 2026 | 203 pips | -1.39% | 2.5× |
| 6 February 2026 | 180 pips | +1.22% | 2.2× |
NZD/JPY pip value
Value of a one-pip move (0.01) at the latest price.
| Account currency | Standard lot (1.00) | Mini lot (0.10) | Micro lot (0.01) |
|---|---|---|---|
 USD | 6.33 USD | 0.63 USD | 0.063 USD |
 EUR | 5.63 EUR | 0.56 EUR | 0.056 EUR |
 GBP | 4.75 GBP | 0.47 GBP | 0.047 GBP |
 JPY | 1000.00 JPY | 100.00 JPY | 10.000 JPY |
About NZD/JPY
NZD/JPY shows how many Japanese yens (JPY) it takes to buy one New Zealand dollar (NZD). When the price rises, the New Zealand dollar is strengthening against the Japanese yen.
NZD is issued by the Reserve Bank of New Zealand. It tends to respond to Reserve Bank of New Zealand policy, dairy prices and broader risk sentiment.
JPY is issued by the Bank of Japan. It tends to respond to Bank of Japan policy, the gap between Japanese and US bond yields, and risk sentiment, as the yen often strengthens in risk-off markets.
With an average range of about 76 pips a day, a stop loss of 23–46 pips is roughly a third to two-thirds of a normal day for NZD/JPY. Always size your position from the stop distance with the lot size calculator.
NZD/JPY FAQ
What is the average daily range of NZD/JPY?
Over the last 90 days NZD/JPY moved an average of 76 pips from high to low each day, about 0.85% of its price. Over the past year the average was 80 pips, and over the last 20 trading days it was 70 pips.
What is the best time to trade NZD/JPY?
In the past year NZD/JPY was most active between 13:00 and 16:00 UTC, and the Asian session produced the largest average range (50 pips). The quietest hour was 19:00 UTC. Its average range was similar on every weekday.
What is NZD/JPY most correlated with?
Based on daily returns over the last year, NZD/JPY moved most closely with AUD/JPY (correlation 0.82) and most inversely with EUR/NZD (-0.63).
How much is one pip worth on NZD/JPY?
One pip on NZD/JPY is 0.01 of the price. For one standard lot (100,000 NZD) that is 1,000 JPY, or about $6.33 at the latest price. A mini lot is a tenth of that and a micro lot a hundredth.
Statistics are calculated by ForexSignals.io from Dukascopy hourly bid prices up to the 16 October 2026 close. Trading days run from 17:00 to 17:00 New York time, the same daily candles most MT4 and MT5 brokers show. Hourly figures cover the last 12 months, seasonality the last 9 full years. Data may contain errors and is not a trading recommendation.
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