South African Rand to Japanese Yen - ZAR/JPY Exchange Rate Chart

ZAR/JPY rate chart

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ZAR/JPY market insights

Pivot points are a technical indicator that traders use to predict upcoming areas of technical significance, such as support and resistance. They're calculated by averaging the high, low and closing prices of a previous period. That could be a day, a week or a month.

If a market is trading above its previous pivot point (known as P), it is seen as a bullish signal. If it is below, it is bearish.

Support and resistance levels are a core part of technical analysis, providing crucial insight into possible future price reversals.

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ZAR/JPY overview

ZAR/JPY is an exotic forex pair representing how many Japanese yen equal one South African rand. South Africa’s economy is an emerging market driven by its wealth of natural resources like gold, iron, platinum, and precious stones. Japan’s in contrast is one of the largest developed economies in the world and is powered by international trade. Japan’s most significant exports are vehicles, machinery, and manufactured goods.

Japan maintains an extremely low and sometimes even negative interest rate to combat low consumer demand caused by an aging population. South Africa by contrast has a much higher interest rate, making the rand one of several options for traders looking to profit from the difference in interest rates between Japan and high-interest nations.

Margin from	28.0 %
Trading hours	24 hours a day, 5 days a week
Min trade size	1,000
Long	-0.02
Short	-0.02
Min stop distance	0.0 Points
Guaranteed order minimum	100 Points