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Forex pairs · New Zealand Dollar / Japanese Yen

NZD/JPY: live price, payout and trading hours

NZD/JPY (New Zealand Dollar / Japanese Yen) on Sky Trade is available only as OTC: generated price, 24/7, payout 67–94%. What it means, volatility and how to trade.

By Sky Trade editorial teamUpdated

Price now

NZD/JPY OTC

OTC
Payout range
67–94%
Trading hours
24/7, including weekends
Price source
Generated by Sky Trade's server
Expiry
5 s to 4 h
Stake
$1 – $50,000

NZD/JPY OTC is a separate price series generated by Sky Trade's server. It does not follow the real NZD/JPY exchange rate.

About NZD/JPY

NZD/JPY is offered on Sky Trade only as OTC. The price is generated by Sky Trade's server 24/7 and does not mirror the real New Zealand dollar–yen rate. The background about the real pair below is provided for context.

In the real market NZD/JPY shows how many yen one New Zealand dollar buys: 90.000 would mean 1 NZD = 90 JPY. Like every yen pair, it uses a pip of 0.01 and is shown with three decimals. It is a close relative of AUD/JPY and one of the classic carry-trade pairs: New Zealand interest rates, set by the Reserve Bank of New Zealand, have usually been much higher than Japan's, so investors have borrowed in yen to hold kiwi. In calm markets that supports the real pair; when fear spreads, carry positions are unwound and the pair can fall sharply. Dairy prices, Chinese demand, RBNZ and Bank of Japan decisions all play a part, and because both countries sit in the Asia-Pacific region, the Asian session is particularly important.

NZD/JPY OTC is a different thing: a server-generated series in which the next tick is as likely to go up as down. Carry trades, dairy auctions and the BoJ do not affect it, and no amount of reading real-world news will help you anticipate it.

How to trade NZD/JPY on Sky Trade

  1. 1Open the terminal and choose the demo account to practise, or the real account if you have deposited.
  2. 2Pick NZD/JPY in the instrument list — the market and OTC versions are listed separately, each with its current payout.
  3. 3Set the stake and the expiry: a duration (for example 1 minute) or an exact closing time.
  4. 4Press Buy if you expect the price at expiry to be above the entry price (a “higher” trade), or Sell if you expect it below (a “lower” trade). The payout is fixed at the moment you open.
  5. 5At expiry the server compares the closing price with the entry price: in your direction — stake plus payout; against you — the stake is lost; exactly equal — the stake is refunded.

Frequently asked questions

What is the payout on NZD/JPY at Sky Trade?

NZD/JPY pays 67–94% of the stake on a winning trade; 94% applies when it is one of the two rotating OTC leaders. The terminal shows the current value before you open a trade, and it stays fixed for that trade.

When can I trade NZD/JPY?

NZD/JPY is available on Sky Trade only as an OTC instrument, so it can be traded 24/7, including weekends and holidays.

Does NZD/JPY OTC follow the real market?

No. The OTC price is generated by Sky Trade's server with a random-walk model and is not taken from any bank or exchange, so it can differ from the real NZD/JPY rate at any moment.

What is the minimum stake and expiry for NZD/JPY?

The minimum stake is $1 and the maximum is $50,000 (default limits). Expiry ranges from 5 seconds on OTC and 30 seconds on market pairs up to 4 hours.

Why is NZD/JPY quoted with three decimals?

The yen is the quote currency, and yen pairs use 0.01 as one pip. The third decimal is a fraction of a pip.

Does NZD/JPY OTC behave like a carry-trade pair?

No. Carry trades affect the real NZD/JPY; the OTC version is generated by Sky Trade's server and has no interest-rate component or link to market sentiment.

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