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Last modified on June 22nd, 2018 2:50 am

YEN to NZD – 1 NZD to JPY – NZ Dollar to Japanese Yen

When converting New Zealand dollars (NZD) to Japanese Yen (JPY), or JPY to NZD, by exchanging via Direct FX, you will save a significant amount of money. Our wholesale currency exchange rates for money transfers are significantly more competitive than bank foreign exchange rates. Being Australasian based, we specialise in knowing what drives NZD/JPY currency conversion rates.

NZD to JPY Overview:The NZD is regarded as a “growth currency”, and will therefore generally appreciate when the global economic outlook is positive. The YEN is seen as a “safe haven currency”, and will therefore generally appreciates in times of global uncertainty. As a result the NZD to JPY rate is relatively volatile and not always indicative of the two economies fundamentals.

Historical Ranges: 1 year 5 years 10 years
NZD/JPY 75.95 – 89.13 72.37 – 105.41 55.08 – 107.82

Current Official Cash Rates:
Reserve Bank of New Zealand (RBNZ): 1.75%         Bank of Japan (BOJ): -0.1%

We provide insight into the NZ dollar and Japanese yen currency pair (NZD/JPY) by reporting trends, market news and providing relative currency charts.

View NZDJPY charts

The New Zealand Dollar (NZD) fall away sharply Thursday against the Japanese Yen (JPY) with a delayed reaction after NZ quarterly GDP figures released at 0.5%. Initially the NZD was higher but plunged to 75.40 over the following few hours. GDP year on year was slightly down at 2.7% from 2.9% contributing to the decline. If support at 75.00 is broken, we may see broader weakness in the kiwi to June 2016 prices of 71.00. The pair is currently sitting at the low of 75.40

Exchange Rates

The current interbank midrate is:NZDJPY 75.61
The interbank range this week has been:NZDJPY 75.37- 77.15

View NZDJPY charts

The bank of Japan left their benchmark cash rate unchanged Friday at -.10% with a 8-1 vote stating in the following monetary policy meeting they would not be bullied into winding down their stimulus program just because other central banks are doing so. The Japanese Yen (JPY) held steady over the news against the New Zealand Dollar (NZD) around 76.60. This week’s open has seen a further decline in the pair slipping to 76.30 with Japanese Trade Balance figures publishing down at -0.3T with markets expecting 0.14T. We expect a retrace back towards 78.00 this week.

Exchange Rates
Current Level: 76.40
Resistance: 77.80
Support: 76.20
Last Week’s Range: 76.25 -77.87

View NZDJPY charts

The bank of Japan is expected to make no changes to monetary policy today on the conclusion of its two day meeting. Karoda will speak on Inflationary targets and improved economic wage growth being essential. Core inflation has fallen to 0.7% for April showing underlying weakness with the target of 2% now a mile away. The Japanese Yen (JPY) has been overall weaker this week against the New Zealand Dollar (NZD) with the pair reaching 77.90 before dropping back to 77.20 Friday.

Exchange Rates
The current interbank midrate is:NZDJPY 76.87
The interbank range this week has been:NZDJPY 76.59 – 77.87

View NZDJPY charts

The New Zealand Dollar (NZD) gapped lower to 76.70 on the weekly open after Monthly Japanese Machinery Orders printed at 10.1% up from the expected 2.5% economists predicted, boosting the JPY. The kiwi recovered back to trade near last week’s high to 77.50 in thin markets. Later in the week we await the Bank of Japan (BoJ) monetary policy statement which should see Karoda speak about inflationary targets and improved economic growth. 79.40 looks to be the next target, the high of 12 April.

Exchange Rates
Current Level: 77.16
Resistance: 77.70
Support: 76.60
Last Week’s Range: 76.59-77.66

View NZDJPY charts

The New Zealand Dollar (NZD) has pushed to a fresh high of 77.70 against the Japanese Yen (JPY) before falling back to 77.00 midday Friday. Japanese wage growth took a hit along with the way the Japanese people are spending their cash, both were unexpectedly weaker highlighting ongoing issues for higher inflation. The safe haven JPY has not come into play over the past few days with positive market mood the kiwi has benefited extending gains from the low of 74.60 from the 29th of May. We would suggest if further risk plays out we could see a retest of 79.00 next week.

Exchange Rates
The current interbank midrate is:NZDJPY 77.06
The interbank range this week has been:NZDJPY 76.19- 77.66

View NZDJPY charts

After rising to 77.40 last week the Japanese Yen (JPY) was sold of down to 74.60 against the New Zealand Dollar (NZD), we hope yen sellers took advantage of this spike. The kiwi has since recovered back to 76.15 Friday as a little more risk entered the market. We could be close to breaking the bearish trend in place, a break above 76.60 would confirm an upward bias. Next week we see Japanese Current Account on the calendar, expected to print around 1.77T based on last month’s good result.

Exchange Rates

The current interbank midrate is:NZDJPY 76.40
The interbank range this week has been:NZDJPY 74.55- 76.60

View NZDJPY charts

Investors sought the safer Japanese Yen (JPY) over the week as markets looked for answers as to the Trump, Kim Jong Un 12 June meeting would take place. The meeting has had its fair share of expected issues. The JPY has been the bearer of the safe haven purchase as uncertainties remain. The New Zealand Dollar (NZD) has been to 77.40 mid last week but trades midday Tuesday around 75.50 as it looks for direction. Boosting the JPY was a stronger than expected (PPI) producer Price Index as it printed at 0.9% for April well above the expected 0.5%, the largest gain since September 2017. Buyers of JPY should have taken advantage of the spike to 77.40 as we mentioned last week, 75.80 doesn’t represent good buying as the pair battles to come off lows.

Exchange Rates

Current Level: 75.52

Resistance: 76.00

Support: 75.35

Last Week’s Range:  75.38 – 77.50

View NZDJPY charts

The New Zealand Dollar (NZD) has come off its midweek high of 77.50 to plunge to 75.40 as risk aversion gripped the markets and buyers sought the safe haven of the Japanese Yen (JPY). Trade Balance figures gave the kiwi a boost back to 76.30 but momentum continued to the downside as geopolitical woes continued. Next week we see RBNZ stability report and Bank of Japan governor Kuroda is due to speak. Buyers of JPY may want to wait for a spike, 75.60 is showing good support.

Exchange Rates

The current interbank midrate is:NZDJPY 75.95
The interbank range this week has been:NZDJPY 75.38- 77.49

View NZDJPY charts

The New Zealand Dollar (NZD) has been well supported since the reading of the NZ Budget last week pushing through 76.40 resistance to trade at 77.20. Japanese Trade Balance figures came in well but so did NZ Retail sales Monday upsetting the Japanese positive news- the net sum gain was a breach of 77.10 as the kiwi eyes 78.00. NZ Trade Balance publishes towards the end of the week. Buyers of Yen should take advantage of the spike from the low of 76.30

Exchange Rates

Current Level: 77.12

Resistance: 77.60

Support: 75.60

Last Week’s Range: 75.60 – 77.20

View NZDJPY charts

The New Zealand Dollar (NZD) traded lower against the Japanese Yen (JPY) continuing the slide with risk off sentiment to a 75.50 low. Japan’s quarterly GDP printed lower at 0.2% compared to 0.0% expected pulling the NZD back above 76.00. The New Zealand Budget was announced Thursday the kiwi travelling higher to 76.20 on the release. Overall the NZD is still under performing but with a rosy future predicted from the new Labour government we may see prices go a little higher before extending losses back through 75.00 again.

Exchange Rates

The current interbank midrate is:NZDJPY 76.36

The interbank range this week has been:NZDJPY 75.60 – 76.49

View NZDJPY charts

The New Zealand Dollar (NZD) continued its decline through 76.10 to a low of 75.75 against the Japanese Yen (JPY) as investors continue to buy JPY in risk off market conditions. NZ Business manufacturing printed up on expectation and gave the kiwi a short reprieve but with Japanese yearly Money Stock printing at 3.3% with 3.2% expected the Japanese Yen rallied across the board. For Japanese buyers we see support around 75.50- watch for a bounce higher to 77.00 for good buying levels.

Exchange Rates

Current Level: 75.75

Resistance: 79.50

Support: 75.50

Last Week’s Range: 75.77 – 76.79

View NZDJPY charts

The New Zealand Dollar (NZD) Japanese Yen (JPY) pair has had a rocky week. Starting out around 76.60 the kiwi has underperformed dropping to a low of 75.85. It rallied quickly back to 76.75 during the BoJ speech by Kuroda but kiwi was soon under pressure again Thursday during the RBNZ cash rate announcement. The statement given by the new governor Adrian Orr was seen as dovish. Gapping on the announcement to a low of 75.84 it has not only recovered marginally to 76.10 Friday.

Exchange Rates

The current interbank midrate is:NZDJPY 76.10

The interbank range this week has been:NZDJPY 75.82 – 76.95

View NZDJPY charts

The New Zealand Dollar (NZD) looked to make early gains this week trading up to the 76.70 handle against the Japanese Yen (JPY) but was soon sold off back to 76.45. Japan Household spending is released today along with NZ quarterly Inflation expectations. I think the pair should hold 76.00 with the RBNZ cash rate announcement to publish Thursday with expectations of a hawkish statement.

Exchange Rates

Current Level: 76.41

Resistance: 77.30

Support: 76.15

Last Week’s Range: 76.27 – 77.19

View NZDJPY charts

The New Zealand Dollar (NZD) declined over the week against the Japanese Yen (JPY) with a lack of volume in the pair due to the “Golden Week” holiday celebrations. The pair fall sharply early Fridaymorning NZ Time to 76.50 but reversed just as quick back to 76.80 in thin market conditions. Next week’s RBNZ announcement should be relatively positive, I am expecting prices to be back around where they were a fortnight ago to over 77.50, car importers could consider waiting to the side-lines for a bit longer.

Exchange Rates

The current interbank midrate is:NZDJPY 76.90

The interbank range this week has been:NZDJPY 76.54 – 77.41

View NZDJPY charts

The New Zealand Dollar (NZD) declined to a 77.30 close against the Japanese Yen (JPY) The kiwi has dropped further on the open down to 76.80 with NZ worse than expected business confidence printing. Businesses seem generally pessimistic with the number coming in 3 points worse than the March figure. Construction numbers dropped to the lowest levels since 2008 suggesting much softer property values could eventuate. Global Dairy Auction Wednesday should offer NZD support with expected Whole Milk prices to be up on last fortnight.

Exchange Rates

Current Level: 76.95

Resistance: 78.80

Support:76.15

Last Week’s Range: 76.85 – 77.79

View NZDJPY charts

The New Zealand dollar (NZD) has continued to decline against the Japanese Yen this week, although the rate of decline has diminished in recent days. There is minor support around 77.00 and so far that’s contained the downside. We have a raft of releases from Japan today with inflation, unemployment, retail sales and industrial production, all to be follows by the latest Bank of Japan rate meeting this afternoon. Direction over the coming days will likely be influenced by those releases.

Exchange Rates

The current interbank midrate is:NZDJPY 77.17

The interbank range this week has been:NZDJPY 77.12 – 78.10

View NZDJPY charts

New Zealand dollar (NZD) underperformance has been the theme of the past week and it’s evident in this cross as well. The NZDJPY has fallen from a high of 79.61 on the 13th April, to currently trade at 77.69. We look for this downside move to extend to at least 77.10 in the coming days. There is some support around 77.10 and the market’s reaction at that level will be interesting to watch. There is little in the way of NZ economic releases this week to drive the market, but from Japan we have a raft of releases, including the latest Bank of Japan Monetary Policy statement, on Friday.

Exchange Rates

Current Level: 77.76

Resistance: 79.60

Support:77.10

Last Week’s Range: 77.46 – 78.94

View NZDJPY charts

The New Zealand Dollar (NZD) come off its low of 78.35 against the Japanese Yen (JPY) Thursdayafter investors purchased the NZD. Quarterly CPI numbers printed better than expectation at 0.5% as opposed to 0.4% and boosted the kiwi during local trading. Annual CPI inflation was 1.1% its lowest rate since mid 2016- bang on as economists suggested. The strength was short lived however and the NZD has seen pressure overnight. Resistance comes in around 78.80 while initial downside support is seen around 77.60.

Exchange Rates

The current interbank midrate is:NZDJPY 78.05

The interbank range this week has been:NZDJPY 77.83 – 79.61

View NZDJPY charts

The New Zealand Dollar (NZD) came off its high of 79.60 against the Japanese Yen (JPY) Friday after buyers of risk left the market for safer investments. The cross closed the week at 79.00 after opening around 77.60 the third bullish week from the prior low of 75.60 23rd March. Trade Balance and Core yearly CPI is published later in the week, we expect a retest of 79.00 with 78.50 offering solid support.

Exchange Rates

Current Level: 79.74

Resistance: 79.20

Support:77.40

Last Week’s Range:78.39 – 79.61

View NZDJPY charts

The New Zealand Dollar (NZD) briefly travelled through the 79.00 region midweek against the Japanese Yen (JPY) as punters bought the NZD on risk sentiment. The kiwi has since lost support based on the Syrian missile fears and BoJ comments. China’s president Xi also helped risk momentum earlier in the week when he chose to avoid talking about the ongoing US/China tariffs as the markets saw this as positive. Risk in the pair is still to the topside as we bounce off the 50% retracement of the high of 81.60 and the low of 75.70

Exchange Rates

The current interbank midrate is:NZDJPY 79.09

The interbank range this week has been:NZDJPY 77.56- 79.34

View NZDJPY charts

The New Zealand Dollar (NZD) has continued to make up ground against the Japanese Yen (JPY) in markets seeking the safe haven finishing the week at 77.78 The pair has opened the week pushing higher through into the 78.30 region as risk slowly returned. This week 78.60 is possibly on the cards with the current momentum and Japanese Producer Price Index to release.

Exchange Rates

Current Level: 78.50

Resistance:79.30

Support:75.60

Last Week’s Range:76.45 – 0.7858

View NZDJPY charts

The New Zealand Dollar (NZD) has continued to reverse losses against the Japanese Yen (JPY), travelling higher off the open of 76.90 it has rallied through to 78.20 where it has settled. The GDT (global dairy trade auction) offered no real boost for the kiwi after figures were slightly up on expectations at -.06% We see further support for the New Zealand Dollar (NZD) heading into the US Non Farm-Payroll figure later tonight as investors take onboard more risk.

Exchange Rates

The current interbank midrate is:NZDJPY 77.90

The interbank range this week has been:NZDJPY 76.17- 78.26

View NZDJPY charts

The New Zealand Dollar (NZD) has recovered all of last week’s damage to trade up from the low of 75.50 and push through 77.00 early in the week based on risk appetite. News around the ongoing US and China trade tariffs continues to shift markets and open up investor wallets. We don’t think we will see the pair trading back at 81.50 any time soon this being the yearly high from January but if momentum continues NZD/JPY could trade back to 78.50 resistance again before Easter.

Exchange Rates

Current Level: 76.35

Resistance: 77.15

Support:75.60

Last Week’s Range: 76.17 – 77.18

View NZDJPY charts

The New Zealand Dollar (NZD) has recovered all of last week’s damage to trade up from the low of 75.50 and push through 77.00 early in the week based on risk appetite. News around the ongoing US and China trade tariffs continues to shift markets and open up investor wallets. We don’t think we will see the pair trading back at 81.50 any time soon this being the yearly high from January but if momentum continues NZD/JPY could trade back to 78.50 resistance again before Easter.

Exchange Rates

Current Level: 76.98

Resistance: 79.40

Support:75.35

Last Week’s Range: 75.56 – 77.07

View NZDJPY charts

The New Zealand Dollar (NZD) has bounced off 76.00 against the Japanese Yen (JPY) over the week in heavy traded markets. The key support of 76.00 has been tested a number of times over the past few weeks and again looks poised again to make test levels below this. 72.20 is he next noticeable level of support for the New Zealand Dollar (NZD) with thin air in between. The RBNZ kept rates on hold Thursday taking the price off 76.70 down to 76.00 over the day after the RBNZ governor was “neutral” in his stance. This was his last statement with Adrian Orr’s term starting on the 27th March.

Exchange Rates

The current interbank midrate is:NZDJPY 75.75

The interbank range this week has been:NZDJPY 75.56- 77.17

View NZDJPY charts

The New Zealand Dollar (NZD), Japanese Yen (JPY) cross trades just above the 76.20 key support level. Last week we saw investors buy JPY in favour of the NZD in risk adverse conditions. This week’s RBNZ decision will be vital for the NZD if it’s going to have any chance of staying above long term support around 76.00- past this point we may be looking at 71-72’s if prospects are not hawkish in the RBNZ statement reading. Look for a break higher back to 78.00 for buyers of JPY to re-enter the market.

Exchange Rates

Current Level: 76.95

Resistance: 78.30

Support: 76.00

Last Week’s Range:  76.08 – 78.57

View NZDJPY charts

The New Zealand Dollar has dropped through 77.50 midweek against the Japanese Yen (JPY) and reversed last week gains from the high of 78.60. With the current account and quarterly GDP figures printing worse than expectation the kiwi has dropped out of favour as buyers preferred the JPY in risk off markets. Governor Kuroda reasserted the Bank of Japan’s (BoJ) position on easing saying their Bo would continue with its powerful program for some time yet until inflation targets are met. Buyers of JPY should buy the spikes as anything north of 77.50 looks attractive.

Exchange Rates

The current interbank midrate is:NZDJPY 76.85

The interbank range this week has been:NZDJPY 76.89 – 78.57

 

View NZDJPY charts

The New Zealand Dollar (NZD) is higher against the Japanese Yen (JPY) Monday pushing back to 78.10. Breaking the bearish trend line from the high of 81.00 in January. On Thursday the New Zealand Dollar (NZD) rebounded off the previous low of 75.90 on BoJ governor Kuroda comments as investors saw value in the NZD as risk came back to the table. As previously commented we still expect a continued reversal higher back to 79.00, with another quiet week for Japan Data, local NZ data and risk appetite should govern movement.

Exchange Rates

Current Level: 77.69

Resistance:79.12

Support:76.00

Last Week’s Range:76.68 – 78.16

View NZDJPY charts

The New Zealand Dollar (NZD) has moved higher against the Japanese Yen over the week through to 77.00 after starting the week on the back foot around the 76.30 area. The BoJ will be releasing their cash Rate and Monetary Policy Statement later Friday. We can expect a hawkish tone after Japan’s Current Account and quarterly GDP both releases better than expected earlier in the week. Long term I am still expecting a reversal back to 79.00 the 50% retracement of the high of 81.00 Jan 18 to come into play as the Japanese Yen (JPY) weakens.

Exchange Rates

The current interbank midrate is:NZDJPY 77.41

The interbank range this week has been:NZDJPY 75.96 – 77.66

 

View NZDJPY charts

Japanese Yen (JPY) strength has seen the pair slide to a low of 75.96 over recent days as the New Zealand Dollar (NZD) drops in popularity. It has bounced off the long-term low of 76.00 (16 November 2017) early Monday as this level seems robust. If we also go back to April 2017 we note also this level acted as strong support also. The Bank of Japan (BoJ) have a rate announcement later this week, forecasters are expecting a hawkish tone given recent positive inflation targets. Buyers of JPY should watch for a spike to 77.00 and consider options.

Exchange Rates

Current Level: 76.95

Resistance:78.20

Support: 76.10

Last Week’s Range: 75.97 – 78.11

View NZDJPY charts

The New Zealand Dollar (NZD) has lost further ground against the Japanese Yen (JPY) over the past few days plunging to yearly low of 76.80 where it traded late Thursday. With a lack of NZ based data published this week as opposed to positive Bank of Japan (JPY) CPI and Retails Sales we have seen JPY buyers sell NZD. Current downward pressure may continue for a while and 76.00 long range support could be tested if we see the Bank of Japan (BOJ) remain optimistic.

Exchange Rates

The current interbank midrate is:NZDJPY 77.03

The interbank range this week has been:NZDJPY 76.64 – 78.37

 

View NZDJPY charts

The New Zealand Dollar (NZD) has pushed higher on the weekly open as it tries to regain the losses incurred last week. Coming off its low of  77.75 it has stabalised around the 78.00 area with ANZ Business confidence due out Wednesday. The New Zealand Dollar (NZD) now looks to 80.00 resistance level in thin markets with no real significant fundamental BOJ data, markets are guided by technical’s for direction.

Exchange Rates

Current Level: 78.00

Resistance:79.30

Support:78.64

Last Week’s Range:0.7765 – 0.7930

View NZDJPY charts

The New Zealand Dollar/ Japanese Yen (NZD/JPY) broke its sideways action grinding up to 79.25 during Wednesday’s overnights sessions.  With no real JPY led data this week small gains by the New Zealand Dollar (NZD) have been largely based on NZD general support. Thursday saw a reversal of recent movement with NZD/JPY trading back to the weekly open of 78.50 in what looked to be a buying frenzy of JPY, the Japanese Yen crosses weakening significantly.

Exchange Rates

The current interbank midrate is:NZDJPY 78.38

The interbank range this week has been:NZDJPY 78.24 – 79.30

View NZDJPY charts

The Japanese Yen (JPY) / New Zealand Dollar (NZD) traded sideways most of the week briefly sliding to 77.70 during NY session Wednesday it rebounded to trade back at the weekly open of 78.80. After NZD inflation expectation figures published well could see the New Zealand Dollar strengthen further back to post 2nd February levels of 80.40 over the short term especially if next week’s NZ Retail Sales figures are favorable.

Exchange Rates

Current level: 78.58

Resistance:78.80

Support: 78.30

Last Week’s Range: 77.70 – 78.99

View NZDJPY charts

The JPY/NZD traded sideways most of the week briefly sliding to 77.70 during NY session Wednesday it rebounded to trade back at the weekly open of 78.80. After NZD inflation expectation figures published well could see the New Zealand Dollar strengthen further back to post 2nd February levels of 80.40 over the short term especially if next week’s NZ Retail Sales figures are favorable.

Exchange Rates

The current interbank midrate is:NZDJPY 78.50

The interbank range this week has been:NZDJPY 77.70 – 79.08

 

View NZDJPY charts

The NZD/JPY cross lost ground Friday as it headed into the weekly close 200 points weaker than Mondays open. Trading as low as 78.30 on Friday it recovered slightly just shy of 79.00 figure. Following long-term movements, we note it trades bang on the 50% retracement in the range between 75.60 low and 83.70 high with expectations it may continue to push back to 81.00 over the next while.

Exchange Rates

Current Level: 78.86

Support: 75.60

Resistance: 83.70

Last Week’s Range: 78.51 – 80.58

View NZDJPY charts

The New Zealand Dollar / Japanese Yen cross (NZD/JPY) has been volatile over the second part of the week due largely to Equity markers and risk appetite. NZD/JPY looked to trade as high as the yearly high 81.50 but rebounded hard off 80.50 retracing gains to cut a fresh low of 78.70 during Thursday. If the NZD/JPY can hold off support at 78.60 we may see the New Zealand dollar (NZD) trade back towards 80.00 next week.

Exchange Rates

The current interbank midrate is:NZDJPY 78.56

The interbank range this week has been:NZDJPY 78.56 – 80.58

View NZDJPY charts

With the softer tone continuing to come from the Bank of Japan (BoJ) and more assets purchased Friday, stimulus for the Japanese economy continues, undermining the Japanese Yen (JPY) on this NZD/JPY cross. Currently at 80.15 we look for a move back to the 81.00 over this week.

Exchange Rates

Current Level: 80.13

Support: 79.20

Resistance: 81.50

Last Week’s Range: 79.18 – 80.71

View NZDJPY charts

After a low on Tuesday at 79.15, the New Zealand dollar (NZD) saw a high of 80.90 overnight. News from the Bank of Japan (BoJ) was that it was continuing to hold its monetary stimulus policies for the foreseeable future. This is keeping the Japanese Yen (JPY) on the back foot on this cross. It is now back a little at 80.55 but should try for another tilt at the 80.90/81.00 level over the next few days, providing the NZD continues to hold firm on the USD.

Exchange Rates

The current interbank midrate is:NZDJPY 80.45

The interbank range this week has been:NZDJPY 79.18 – 80.59

View NZDJPY charts

Relatively flat trading in this NZD/JPY cross over the last few days. Now at 79.77 it is looking for direction, may well be a case of which currency reacts less to USD moves on data releases later this week. We still look for a move towards the 79.50 level over the next few days.

Exchange Rates

Current Level:  79.81

Support: 79.20

Resistance: 81.50

Last Week’s Range:  79.63 – 81.42

View NZDJPY charts

After a high for the week at 81.55 two days ago, traffic in this cross has all been downhill. Yesterday’s CPI data saw the New Zealand dollar (NZD) hit a low of 80.11 against the Japanese Yen (JPY) but currently we are tracking lower at 80.07. Immediate support is round 79.90 but we expect moves to 79.50 early next week, with a test of 78.50 levels to follow.

Exchange Rates

The current interbank midrate is:NZDJPY 80.14

The interbank range this week has been:NZDJPY 79.96 – 81.54

View NZDJPY charts

After trading down to 80.45 yesterday, the New Zealand dollar (NZD) is now up at 81.26 this morning. Look for current levels to hold ahead of this afternoon’s Bank of Japan’s (BoJ) statement, but given they are expected to remain unchanged more weight will be given to NZ CPI tomorrow. We expect the 81.00- 81.50 range to hold over the next day or so.

Exchange Rates

Current Level: 81.18

Support: 79.20 

Resistance: 81.50

Last Week’s Range: 80.16 – 81.29

 

 

 

 

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After a 10 day high of 81.26 yesterday the New Zealand dollar (NZD) is now at the 81.00 level against the Japanese Yen (JPY) with little clear direction. The lift in dairy prices has been supportive and we look for a range of 80.90-81.25 heading into next week.

Exchange Rates

The current interbank midrate is:NZDJPY 80.96

The interbank range this week has been:NZDJPY 80.16 – 81.27

 

 

 

 

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The New Zealand dollar (NZD) is holding relatively steady on this cross as both the JPY and NZD trade at elevated levels against the USD. Now at 80.80 a move back over 81.00 still looks achievable for the NZD, but tomorrow’s dairy auction will have to show an uplift in prices for the NZD to regain this level.

Exchange Rates

Current Level: 80.94

Support: 79.20

Resistance: 81.50

Last Week’s Range: 80.03 – 81.16

 

 

 

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After opening the week up around 81.30 this cross has slid to 79.98 and then, as the NZD has strengthened over the last couple of days, risen back around 80.73 level. With the current risk-on mode we look for the NZD to continue to strengthen against the JPY and we expect the 81.00 region to be retaken going into next week.

Exchange Rates

The current interbank midrate is:NZDJPY 80.72

The interbank range this week has been:NZDJPY 80.03 – 81.31

 

 

 

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With more positive risk sentiment the New Zealand dollar (NZD) has climbed to back to the 81.25 level and looks set to push onto the 81.50 mark over the next few days. To us any move over the 82.00 level is looking historically a good selling level for the NZD. A break of 81.50 would target 82.00 but any sell-off in the equity market would see enthusiasm for risk curtailed and may see the JPY rally sharply.

Exchange Rates

Current Level: 81.15

Support: 79.20

Resistance: 81.50

Last Week’s Range: 79.49 – 81.31

 

 

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No clear direction in NZD/JPY over the last few days with this pair trading around the 78.40/79.20 level. Data from Japan remains supportive of the JPY, but this trade is always about risk sentiment, which to date remains more benign. NZD should hold around current levels heading towards the end of the week.

Exchange Rates

Current Level: 78.92

Support: 75.50

Resistance: 79.80

Last Week’s Range: 78.40 – 79.21

 

 

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The New Zealand dollar (NZD) has had a choppy week against the Japanese Yen (JPY) climbing from a 77.58 low to a high around 79.19 after the NZD surged on the RBNZ Governor news. It is currently back around 78.45 on the back of solid Japanese data. This cross is still driven by risk sentiment and the more benign climate this week has helped the NZD hold onto gains. It should hold around current levels heading into next week.

Exchange Rates

The current interbank midrate is: NZDJPY 78.46

The interbank range this week has been: NZDJPY 77.21 – 79.21

 

 

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The NZD/JPY closed at 77.61 last Friday and opened the week around 77.63 before taking off in the late afternoon to a 78.60 high. The New Zealand dollar is now around 78.60 and should hold these levels in the short term. However any uptick in the North Korean situation would ramp up Japanese Yen (JPY) valuations markedly, pressuring this cross.

Exchange Rates

Current: 78.45

Support: 75.50

Resistance: 79.80

Last week’s range: 76.94 – 78.60

 

 

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Not much happening on for the NZD/JPY over the week and the last two days have been quiet. The pair is now back at 76.64 after being down at 76.08 at the beginning of the week There is not much clear direction, very dependent on risk sentiment at the moment.

Exchange Rates

The current interbank midrate is: NZDJPY 76.70

The interbank range this week has been: NZDJPY 76.12-77.50

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The NZD/JPY is up at 76.62 from yesterday’s 76.08 low, but down from the 77.50 high seen on Friday, the reduction in risk-off tone has helped the New Zealand dollar (NZD) but needs to push back over 77.00 and hold over this level to build on any trend change. Any risk uptick will knock the NZD again on this cross.

Exchange Rates: 

Current Level: 76.55

Support: 75.50

Resistance: 79.80

Last week’s range: 78.45 – 76.11

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The New Zealand dollar (NZD) is now at 78.12 against the Japanese Yen (JPY) dropping from 78.90 highs on Friday. Immediate support is at 78.00 which looks likely to be tested later tonight with an extension to the 77.35 level possible. Again USD/JPY moves will drive this cross.

Exchange Rates: 

Current Level Support Resistance Last week’s range
NZD/YEN 78.03 75.50 79.80 78.00 – 79.43

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The New Zealand dollar (NZD) is now at 78.80 against the Japanese Yen (JPY) after a 79.45 high off the back of the RBNZ announcement yesterday. It should hold current levels to end the week but we favour downside test out into next week, especially if geopolitical tensions driven from the Middle East return.

Exchange Rates: 

The current interbank midrate is: NZDJPY 78.86

The interbank range this week has been: NZDJPY 78.50 – 79.43

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The New Zealand dollar is currently sitting around 78.97 and we look for a test of 79.25 over the next 12/24 hrs. If no major RBNZ change we look for the NZD to continue to recover lost ground against the Japanese Yen. Any uptick in Nth Korean tensions will see a JPY bounce however.

Current Level Support Resistance Last week’s range
NZD/YEN 78.96 75.50 79.80 77.36 – 79.20

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The New Zealand dollar is now at 78.82 vs the Japanese Yen in a sideways pattern over the last few days, we look for 79.00 to be taken out over the few days and 79.25 to be tested next week if the weaker USD/JPY continues.

Exchange Rates:

The current interbank midrate is: NZDJPY 78.85

 

The interbank range this week has been: NZDJPY 77.36 – 78.97

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The New Zealand dollar continues to slide on this cross, now at 77.55 well below the 78.50 support level. It has pretty much been one-way traffic down for the NZD on this cross so we would expect some correction, but at the moment the bear trend is intact…next stop 76.90.

Current Level Support Resistance Last week’s range
NZD/YEN 86.83 75.50 79.80 77.45 – 78.88

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We have seen consistent declines for the New Zealand dollar vs the Japanese Yen this week, and at this stage there is little sign the move is nearing an end. The pair has broken below the lows set in early September around 78.20, and while below that level all the risks are focused on the downside. If we were to get a recovery back above 78.20, then the outlook would be a little more positive, but until then expect further NZDJPY declines.

Exchange Rates:

The current interbank midrate is: NZDJPY 77.98

 

The interbank range this week has been: NZDJPY 77.85 – 79.47

 

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Sideways trading on this cross, now at 81.20 with little clear direction 81.70-80.50 range should hold over the next few days. Any increase in risk-off sentiment will serve the JPY well.

Current Level Support Resistance Last week’s range
NZD/YEN 81.19 78.50 82.50 80.85 – 81.50

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The New Zealand dollar is now around 81.22 against the Japanese Yen. It has the yield advantage but any increase in risk-off sentiment will see the JPY spike. It should hold an 81.64 – 80.47 range into next week.

The current interbank midrate is:    NZDJPY 81.22

The interbank range this week has been:    NZDJPY 80.85 – 82.35

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The NZD has slipped against the Japanese Yen to now trade around 80.87. Although Japanese election may cause some initial JPY weakness, safe haven flows should eventually weigh-in….a break of 80.65 would test the 80.00 psychological support level.

Current Level Support Resistance Last week’s range
NZD/YEN 80.75 78.50 82.50 81.13 – 82.69

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The Bank of Japan this week has helped the NZD on a yield basis with no change in interest rate outlook, but with Nth Korean tensions simmering, the Japanese Yen safe haven status still appeals. It is now at 81.42, should hold at current levels to close the week.

The current interbank midrate is:    NZDJPY 81.46

The interbank range this week has been:    NZDJPY 79.65 – 82.69

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Still choppy trading on this cross as the risk sentiment profile moves. The New Zealand dollar is now at 79.55 Yen but could push on to 79.00/79.20 in the short term, but very susceptible to changes in risk. 

The current interbank midrate is:    NZDJPY 79.60

The interbank range this week has been:    NZDJPY 78.22 – 80.38

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This pair now trades at 0.6062 with the New Zealand dollar higher after comments from the ECB officials sounding a warning over EUR strength. NZD now has potential to push higher towards 0.6100 in the short term as the EUR moderates further.

Current Level Support Resistance Last week’s range
NZD/YEN 79.08 78.25 80.20 78.20 – 79.43

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The NZD has maintained a sideways pattern over the last few days , now at 78.70 after a low of 78.17 for the week…given the JPY safe-haven status look for test of downside back at 78.20/25 next week.

The current interbank midrate is:    NZDJPY 78.86

The interbank range this week has been:    NZDJPY 78.09 – 79.09

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The Japanese Yen continues to dominate in this cross and with the rise in Korean tensions again this should continue throughout the week. It is now at 78.38 and looks soft. We look for a test of 78.25 support which if broken (likely) would target 78.00 then 77.60.

Current Level Support Resistance Last week’s range
NZD/YEN 78.32 78.25 79.50 78.09 – 79.90

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Trading has been choppy for the NZDJPY over the week in a 78.26-79.25 range. It is now at 78.96 should go into next week at current levels but look for a move back to the lower end of the range on any ramp up of Nth Korean fears and uncertainty around NZ elections.
The current interbank midrate is:    NZDJPY 78.95

The interbank range this week has been:    NZDJPY 78.30 – 79.90

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The New Zealand dollar remains firmly under the 80.00 level against the Japanese Yen, at 78.72 currently after making a 78.27 low earlier after the Korean missile news was released. This cross is once again susceptible to safe-haven flows and any further escalation in tensions will likely see further losses. It should hold above 78.40 support as longer as geopolitical risk does not increase.

Current Level Support Resistance Last week’s range
NZD/YEN 78.61 78.40 79.50 78.30 – 80.07

The New Zealand dollar has been as low as 78.47 against the Japanese Yen after the Treasury forecast disappointed. Now back at 79.06 and if risk-on tone stronger next week could push up to the 79.50 cap.
The current interbank midrate is:    NZDJPY 79.13

The interbank range this week has been:    NZDJPY 78.50 – 80.34

The NZD continues to trade sideways with little clear direction. It is marginally stronger at 79.98, but in the current nervous market upside at 80.35 should hold. 79.05 is immediate support.

Current Level Support Resistance Last week’s range
NZD/YEN 79.98 78.95 81.00 79.53 – 80.61

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The New Zealand dollar continues be hit by a stronger Japanese Yen boosted by the risk-off tone. It is now at 79.70 and may test 79.05 being last week’s low if risk aversion continues next week.
The current interbank midrate is:    NZDJPY 79.75

The interbank range this week has been:    NZDJPY 79.12 – 80.61

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The New Zealand dollar has moved back to 80.40 level vs the Japanese Yen on the risk-off tone, this reprieve looks temporary and with better JPY data look for a move back to the 79.50 level initially.

Current Level Support Resistance Last week’s range
NZD/YEN 80.51 78.95 83.00 79.09 – 81.43

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It has been hard for the New Zealand dollar to hold against the stronger Japanese Yen this week as risk-aversion takes hold. The pair is now at 79.30 and has potential to move to immediate support level 78.95 over the next day or so. More than any other cross rate, the NZDJPY has tended to trend significantly over the past year or so, and as such it would be foolish to try and call end to this current run. The trend is definitely your friend on this cross. If you are holding onto Yen waiting for an opportunity to convert back to NZD, a little more patience may pay dividends.
The current interbank midrate is:    NZDJPY 79.30

The interbank range this week has been:    NZDJPY 79.09 – 82.25

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It has been hoppy trading on the NZD/JPY over the last couple of days with the New Zealand dollar considerably weaker today at 81.35 Yen after a high of 0.82.15 yesterday. The NZD should hold above 81.00 until Thursday but this is level is now looking precarious.

Current Level Support Resistance Last week’s range
NZD/YEN 81.33 81.30 83.00 81.36 – 82.78

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The New Zealand dollar has slipped lower against the Japanese Yen over the week. It is now at 81.80 well down on the 83.11 seen on Monday. Now that 82.30 support is broken we look for 81.30 to be under threat early next week.  81.00 should hold until Thursday’s RBNZ. We view current levels as still good value for those looking to transfer NZD to JPY.
The current interbank midrate is:    NZDJPY 81.80

The interbank range this week has been:    NZDJPY 81.73 – 83.32

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It’s been a very interesting week for this pair as the New Zealand dollar significantly outperformed the Japanese Yen. It wasn’t fundamental data from either country that dove the move, but rather volatility in the wider market as the USD saw broad base, and at times very sharp, declines. During this period of NZD outperformance the cross to the Yen traded up and tested the key resistance level around 83.80. As expected that area managed to cap the gains and we have now seen the start of, what will hopefully be, as significant correction lower. The initial target for this correction is the 82.00 area. Any break below there will then target 80.70.
The current interbank midrate is:    NZDJPY 83.30

The interbank range this week has been:    NZDJPY 82.31 – 83.91

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Although the NZDJPY has given some indications recently that the broader rally is running out of momentum, the pair is yet to see any significant pullback. The being said, the New Zealand dollar couldn’t make fresh highs against the Yen last week, failing on any attempt toward the 83.20 level. That doesn’t mean it won’t stage some further attempts to rally, but with key resistance coming in around the 2016 high at 83.80, gains past that level seem unlikely. We favour selling into any potential further strength.

Current Level Support Resistance Last week’s range
NZD/YEN 82.72 82.00 83.80 81.69 – 83.18

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After breaking below key trend support on Tuesday the NZDJPY has managed a decent recovery particularly in the past 24 hours. The New Zealand dollar traded up to 83.03 Yen last night, driven by strength in the local currency. Although further gains can’t be ruled out, Tuesday’s break of trend support is a sign that momentum in the broader rally, which started back in mid-May, is waning and the pair may not be far away from forming a major top. Exactly where that comes in is impossible to say, but it seems likely that key resistance around 83.75 will provide a very strong topside barrier. That level capped the pair on two separate occasions around the turn of the year. There should be plenty of speculative NZD sellers on any attempt toward that level.
The current interbank midrate is:    NZDJPY 82.80

The interbank range this week has been:    NZDJPY 81.69 – 83.18

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The big uptrend that has dominated this pair since mid-May has been dealt a decisive blow this morning. Soft NZ inflation data has hurt the New Zealand dollar and against the Japanese Yen the cross has now broken key trend line support, which was at 82.15. That level will now provide resistance on any attempts to rally. The move today could well signal the end of the NZDJPY rally and the risks are now firmly on the downside. The initial target is now support around the 80.50 area. We do have a diary auction tonight which could easily influence the local currency, but it would take a very positive outcome to negate the big negative signal that is this morning’s break below trend line support. Those looking to buy JPY should deal at the current market, or take advantage of any potential bounce in the NZD.

Current Level Support Resistance Last week’s range
NZD/YEN 81.92 80.50 82.15 81.87 – 83.27

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The New Zealand dollars relentless rally against the Japanese Yen remains intact and last night the pair briefly traded to fresh cycle highs at 83.23. It hasn’t been all one way traffic however as a period of NZD weakness mid-week saw the pair trade down close to key trend line support around 81.80. That support now comes in around 81.95 and while above that level the risks remain skewed toward further gains. That being said, this rally is now getting a little long in the tooth, and there are tentative signs momentum is waning. Combined with that we have very strong resistance around the 83.75 level and I suspect that area will cap the pair. It could easily put in another major top somewhere close to that resistance level. Those looking to purchase Yen shouldn’t get greedy at this late stage in the rally and be happy to lock a rate in when the wholesale market is anywhere close to, or over, 83.00.
The current interbank midrate is:    NZDJPY 82.91

The interbank range this week has been:    NZDJPY 81.93 – 83.23

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Unlike many other New Zealand dollar pairings, the NZDJPY has been in the midst of a significant rally over recent weeks. This move has largely come from weakness in the Japanese Yen as the BOJ continue to reaffirm their determination of keep ultra easy monetary policy until 2% inflation is reached. At this stage there is no sign the rally is over so the risks remain skewed to the topside. That being said, there is key resistance not far away at 83.70 and it should prove very tough to overcome. The pair failed at that level twice back in December and January and it may well cap this rally as well. Those looking to purchase Yen should take advantage to the current strength. Any move back below 81.80 would be a negative signal and would likely encourage further selling.

Current Level Support Resistance Last week’s range
NZD/YEN 82.75 81.80 83.70 82.07 – 83.16

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The NZD made a 6 month high of 82.89 Yen last night. It is a little softer now at 82.74 but another push towards 83.00 looks likely next week.
The current interbank midrate is:    NZDJPY 82.84

The interbank range this week has been:    NZDJPY 81.87 – 82.90

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The New Zealand dollar made a five month high of 82.81 yesterday, has backed off a little and is now around 82.40, as the USD becomes more favoured the JPY is under pressure. If US data is solid a push on this cross to 83.00 is possible over the next few days.

Current Level Support Resistance Last week’s range
NZD/YEN 82.40 81.50 83.00 81.33 – 82.82

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The NZD has held firm against the Japanese Yen. It has been up to 82.35, is now back below the 82.00 mark at 81.94 but looks well supported and has potential to move higher. This rally looks to have some more legs in it yet.
The current interbank midrate is:    NZDJPY 82.00

The interbank range this week has been:    NZDJPY 80.82 – 82.35

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The New Zealand dollar still holds comfortably over the 81.00 level against the Japanese Yen, now trading at 81.56. It remains in an uptrend and the next key level is 81.75 then 82.60.

Current Level Support Resistance Last week’s range
NZD/YEN 81.61 81.00 81.75 80.27 – 81.68

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The NZD continues to hold firm against the Japanese Yen. It made a high of 81.00 last night and is now trading at 80.70. Given the steep climb over the last week we would expect some pullback and consolidation. Immediate support is at 79.80.

Current Level Support Resistance Last week’s range
NZD/YEN 80.74 78.25 79.75 78.98 – 81.01

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The New Zealand dollar has made some significant gains against the Japanese Yen this week, despite some softer than forecast NZD data. The pair has broken above 80.00 this afternoon, and while the focus remains on the topside, key resistance is not far away. The 80.50 area should prove difficult to overcome and I would expect gains to stall as we approach there.
The current interbank midrate is:    NZDJPY 80.17

The interbank range this week has been:    NZDJPY 78.95 – 80.23

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The NZD continues to perform well against the Japanese Yen. It’s now at 79.38 after a 79.73 high last week. We expect it should hold around current levels ahead of Thursday’s FOMC, any return to more risk-off tone should see another push towards 80.00.

Current Level Support Resistance Last week’s range
NZD/YEN 79.42 78.25 79.75 78.44 – 79.75

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The risk-on tone of the last day or so has seen the New Zealand dollar climb to a 79.20 high where it is currently trading. Any bad news from tonight’s events would favour the safe-haven JPY, but barring this a push towards 79.66/75 is likely next week.
The current interbank midrate is:    NZDJPY 79.11

The interbank range this week has been:    NZDJPY 78.42 – 79.22

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The NZD has drifted lower against the stronger Japanese Yen after the US jobs figure, now around 78.50 after a high of 79.12 last Friday, immediate support is at 78.30 but this should hold and we see sideways trading over the next 2-3 days.

Current Level Support Resistance Last week’s range
NZD/YEN 78.49 77.95 79.20 78.10 – 79.11

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Little changed at the 78.86 level after a low of 77.95 for the week, has held well above 78.00 for the last 3 days and we look for a move on the 79.00 region next week.
The current interbank midrate is:    NZDJPY 78.88

The interbank range this week has been:    NZDJPY 78.01 – 78.96

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The New Zealand dollar is marginally lower against the Japanese Yen at 78.10 after a 78.90 high overnight. Immediate support is around 77.65, but really no clear direction in this cross at the moment, if it can hold the 78.00 handle a move back towards 78.40 is possible.

Current Level Support Resistance Last week’s range
NZD/YEN 78.16 77.65 78.50 77.90 – 78.91

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As the risk appetite returns the JPY has lost some of its lustre, the New Zealand dollar now at 78.00 on this cross. The next stop is 78.50 but consolidation around current levels is more likely before this can occur.

Current Level Support Resistance Last week’s range
NZD/YEN 77.89 77.00 78.50 76.29 – 78.25

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The New Zealand dollar has broken through on the downside against the Japanese Yen, breaching support at 77.57 and now trading at 76.54. Immediate support is around 76.25 then deeper at 75.60. We would expect some consolidation at current levels but downside is favoured next week.
The current interbank midrate is:    NZDJPY 76.57

The interbank range this week has been:    NZDJPY 76.29 – 78.50

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Currently around 78.17 after a low yesterday of 77.58. The bounce higher has kept the New Zealand dollar in a broad uptrend channel, but any breach below 77.57 could extend to 76.98, although we favour the upside for the moment. Holding above 78.00 indicates an uptick to the 78.50 and above region.

Current Level Support Resistance Last week’s range
NZD/YEN 78.15 77.00 78.50 77.53 – 79.35

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Not a great week for the New Zealand dollar on this cross. It has fallen from a high of 79.35 down to current levels at 77.65 and should hold here to finish the week. The trend looks bearish and support around 77.00 could be tested next week.
The current interbank midrate is:    NZDJPY 77.71

The interbank range this week has been:    NZDJPY 76.98 – 79.35

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The New Zealand dollar has pushed back over the 78.00 level against the Japanese yen. It’s currently around 78.25 and looks to track higher given the NZD support. There is some minor resistance at 78.50 but it should overcome this to go against next resistance level at 78.76.

Current Level Support Resistance Last week’s range
NZD/YEN 78.18 77.60 78.76 76.98 – 78.46

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The New Zealand dollar has seen choppy trading against the Yen this week. After a low of 76.28 on Monday it recovered to a high of 78.00 but is now back at 77.30. No clear trend but we favour a gradual push back towards the 78.00 mark.
The current interbank midrate is:    NZDJPY 77.30

The interbank range this week has been:    NZDJPY 76.35 – 78.02

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The New Zealand dollar has rallied from 76.11 last week back to 77.58, currently trading around 77.48 , is marking time but has potential to extend gains to the 77.80/90 mark …tomorrow’s NZ jobs data may help .

Current Level Support Resistance Last week’s range
NZD/YEN 77.44 76.00 77.90 76.14 – 77.61