New Zealand Dollar – Japanese Yen

NZD (New Zealand dollar)
Currency unit of New Zealand, Niue, Cook Islands, Tokelau Islands and Pitcairn Island.
Issued by: Reserve Bank of New Zealand
The price dynamics mainly depend on the interest rates of the Reserve Bank of New Zealand, inflation and growth rates of the country. The currency has a strong correlation with a currency that is geographically adjacent to Australia.

JPY (Japanese yen)
Currency unit of Japan. It is one of the main currencies of the Asian-Pacific Region with a floating rate.
Issued by: Bank of Japan
The price dynamics depend on interest rates of the Bank of Japan, inflation and growth rates of the region’s economy. For many years the main priority for the country has been to stimulate growth and counter against deflation by means of capping the national currency appreciation.