NZD/JPY chart by TradingView
This is the forex quote for the New
Zealand Dollar vs. Japanese Yen exchange
rate. NZD (the 'base currency') is quoted
in terms of JPY (the 'counter currency').
The Yen is a historically low-yielding
currency, making an attractive vehicle to
fund carry trades (where traders borrow
cheaply in JPY to buy higher-yielding
currencies, including NZD). Investors tend
to favor carry trades at times of optimism
about global economic performance and
stability; they shun them at times of