Exchange Rate Calculator

The exchange rate between the Japanese Yen (JPY) and the New Zealand Dollar (NZD) has exhibited notable fluctuations over the past few months, influenced by a combination of technical indicators, economic policies, and global market sentiments. This report provides an in-depth analysis of the JPY/NZD currency pair, examining recent trends, technical analyses, fundamental factors, and future outlooks.

Recent Trends and Historical Performance

In 2025, the JPY/NZD exchange rate has experienced a range of movements. The highest recorded rate was 0.01239 NZD per JPY on April 8, 2025, while the lowest was 0.01123 NZD per JPY on January 7, 2025. The average exchange rate over this period stood at 0.01161 NZD per JPY. (exchange-rates.org)

Over the past six months, the JPY/NZD exchange rate has been trending higher, rising from a low of 0.0112 on January 6, 2025, marking a gain of 1.79%. (exchangerates.org.uk)

Technical Analysis

As of June 28, 2025, the JPY/NZD rate is hovering near its 8-day Exponential Moving Average (EMA), trading below its 21-day EMA by 0.56%, below its 50-day EMA by 1.2%, and below its 100-day EMA by 1.62%. Recent signals include a bullish crossover (8/21 EMA) on May 21, 2025, a bearish crossover (8/21 EMA) on May 28, 2025, and a bearish crossover (50/100 EMA) on June 7, 2025. The Moving Average Convergence Divergence (MACD) line is above its signal line, indicating positive momentum and confirming an uptrend. (exchangerates.org.uk)

On May 30, 2025, technical indicators provided mixed signals for the JPY/NZD pair. The Relative Strength Index (RSI) was at 51.539, suggesting neutral conditions. The Stochastic Oscillator indicated a sell signal, while the MACD showed a buy signal. Moving averages were neutral, with an equal number of buy and sell signals. (investing.com)

Fundamental Factors Influencing the Pair

Several fundamental factors have influenced the JPY/NZD exchange rate:

1. Global Economic Sentiment: Periods of risk aversion in global markets have bolstered the JPY, a traditional safe-haven currency, leading to downward pressure on the JPY/NZD pair. (maybefinance.com)

2. Central Bank Policies: The Reserve Bank of New Zealand (RBNZ) has maintained a relatively hawkish stance, while the Bank of Japan (BoJ) has shown signs of adjusting its ultra-loose monetary policy. Speculation about potential changes in the BoJ's yield curve control policy has strengthened the JPY. (maybefinance.com)

3. Economic Data: New Zealand's economic data has been mixed, with signs of slowing growth in key sectors such as housing and exports. The country's reliance on commodity exports, particularly to China, has made it vulnerable to fluctuations in global demand. (maybefinance.com)

Future Outlook

Forecasts suggest a potential appreciation of the JPY/NZD pair in the coming months. Projections indicate that the exchange rate could reach 0.0119 by September 2025, December 2025, and March 2026. (exchangerates.org.uk)

However, some forecasts suggest a potential decline in the JPY/NZD exchange rate over the next year, with the rate possibly decreasing by 7.16% to 0.010653. (coincodex.com)

Conclusion

The JPY/NZD exchange rate has exhibited volatility over the past few months, influenced by a complex interplay of technical indicators, fundamental factors, and global economic conditions. While some forecasts suggest potential appreciation in the near term, others indicate a possible decline. Traders and investors should remain vigilant, considering the various risks and uncertainties that could impact the currency pair's performance.