NZD/JPY
NZD/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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NZD/JPY details
NZD/JPY is a currency pair based on the exchange rate between the New Zealand dollar and Japanese yen. NZD is the base currency, so it tells you how many yen it takes to buy a single New Zealand dollar.
NZD/JPY can be popular as part of a ‘carry trade’ strategy, where you buy a high-yielding currency (NZD) by selling one with low interest rates (JPY).
As with any currency pair with JPY as the quote, pips in NZD/JPY work a little differently to other FX markets. Instead of watching for a movement in the fourth figure after the decimal point, you watch the second. So if NZD/JPY moves from 81.01 to 81.02, it has gained one pip.
| Margin from | 5.0 % |
| Min trade size | 1,000 |
| Long | 0.08 |
| Short | -0.51 |
| Min stop distance | 0.0 Points |
| Guaranteed order minimum | 0.08 Points |
Spreads
| Spreads from | 0.016 Points |
Margins
| 0 - 3,100,000,000 | 5.0 % |
| 3,100,000,000 - 15,000,000,000 | 7.0 % |
| 15,000,000,000 + | 10.0 % |
Dealing
| Spreads from | 0.016 Points |
Margins
| 0 - 3,100,000,000 | 5.0 % |
| 3,100,000,000 - 15,000,000,000 | 7.0 % |
| 15,000,000,000 + | 10.0 % |
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