About New Zealand dollar

This is the currency exchange rate between the New Zealand Dollar and the Japanese Yen. The New Zealand dollar (the "base currency") is quoted in terms of the Japanese yen (the "counter currency"). The Yen has historically been a low-yielding currency, making fund carry trades attractive (where traders borrow cheaply in JPY to buy higher-yielding currencies, including NZD). Carry trades are more popular when investors are optimistic about global economic performance and stability, but they are avoided when markets are volatile. As a result, swings in broad-based market sentiment affect the NZD/JPY. The pair is also affected by economic news, both domestic and from key trading partners (most notably China), which influences expectations for Reserve Bank of New Zealand monetary policy.