Thinking of trading NZD/JPY?
- 1. Due to its lack of direct relation to the USD, this pair is called a cross-rate currency. It is then, a breath of fresh air for traders that want to stay away from dollar related economic events. 2. Japan's economic growth relies on the commodity prices such as the importation of crude oil and natural gas. In 2014, Japan was the 4th biggest importer of crude oil. Historically, it is demonstrated that there is a direct correlation between the yen and the global energy prices. Meaning that when the energy prices drop so does the yen, and vice versa.
Trading CFDs involves significant risk of loss
How would you like to trade NZD/JPY?
- Tight spreads & reliable execution
- 70+ pre-installed indicators
- Custom indicators
- 26 time frames
- Live Sentiment data
- Chart trading
- Advanced Take Profit & Stop Loss
- Depth of Market
Trading CFDs involves significant risk of loss
- Vast selection of strategies to copy
- Efficient risk management
- Can start and stop copying at your will
- Flexible allocation of funds
- Detailed performance reports
- Full transparency & access to historical data
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Trading CFDs involves significant risk of loss
For beginners:
- Great choice of available cBots for various trading strategies and risk tolerance levels
- Simple Plug and Play functionality
For advanced traders:
- Ability to create your own cBot or custom indicator
Trading CFDs involves significant risk of loss
Trade NZD/JPY with Fondex. Our CFD trading platform is engineered to provide you with optimal execution speed while allowing you to access 3 different trading methods on the same interface.
1. The following economic indicators are worth noting down: Interest rate decision from the RBNZ, the GDP of both nations, CPI of both countries, the Producer Price Index, employment changes, trade balance and several political events such as trading news with Australia or China will help the trader make educated decisions. 2. Something particularly special about trading any pair tied to the JPY is the fragility of their currency price to natural disasters, oil prices and manufacturing demand. Paired with the fundamental analysts and events such as the Dairy Index and Tourism make of this pair something quite extraordinary to trade.
Risk Disclaimer Fondex provides this content/feature as no more than information. In particular, no advice is intended to be provided or to be relied on as provided nor endorsed by Fondex, nor any solicitation or incentive provided to subscribe for or sell or purchase any financial instrument or to join and/or terminate any of the trading strategies. The Investor is solely responsible for the choice of the signal provider, choice of trading strategy, the choice whether to sell or purchase any financial instrument on his/her trading account and monitoring of the trading activities. All trading or investments you make must be pursuant to your own unprompted and informed self-directed position. Please keep in mind that past performance is no guarantee of future results.
For more information, please view the 'Risk Disclosure'