Trading hours
NZD/JPY typically trades from Sunday 22:00 to Friday 22:00 UK time (5pm to 5pm New York time), with no daily break beyond a brief pause at some brokers around the 22:00 UK rollover. Times on your chart follow your broker's server clock.
| When | UK time | New York time | Note |
|---|---|---|---|
| Weekly open | Sunday 22:00 (21:00 in the gap weeks) | Sunday 17:00 | Typically, at most CFD brokers. Wellington and Sydney are already in their Monday morning. Spreads are often wide in the first minutes and there can be a gap from Friday's close. |
| Daily rollover | 22:00 each weekday (21:00 in the gap weeks) | 17:00 | The trading day ends and overnight financing (swap) is charged. There is typically no long break, but spreads widen for a few minutes and some brokers pause quotes briefly. |
| Friday close | Friday 22:00 (21:00 in the gap weeks) | Friday 17:00 | Typically. Many brokers stop a few minutes early, for example Pepperstone closes all markets 5 minutes early on Fridays. Closed all of Saturday. |
| Busiest hours | 22:00 to 08:00 | 17:00 to 03:00 | Typically. New Zealand, Sydney and Tokyo hours, when both countries' news lands. |
Forex hours follow New York time: the week opens on Sunday and closes on Friday at 5pm New York time. For most of the year that is 22:00 UK. The US and UK change clocks on different Sundays, so in the gap weeks it is 21:00 UK. In autumn 2026 the UK moved back on 25 October and the US on 1 November; in spring 2027 the US moves forward on 14 March and the UK on 28 March, so from 14 to 28 March the open, close and rollover are at 21:00 UK and US data at 8:30am New York time lands at 12:30 UK instead of 13:30. European releases (UK, eurozone and Swiss) stay at the same UK time all year, because those countries change clocks on the same dates as the UK. New Zealand changes its clocks the opposite way to the UK (forward on the last Sunday of September, back on the first Sunday of April), so New Zealand releases move by two hours on a UK clock across the year. Japan does not change its clocks, so Tokyo data at 08:30 Tokyo time lands at 23:30 UK in winter and 00:30 UK in summer. Times on your broker's chart follow its server clock, which many brokers set to GMT+2 in winter and GMT+3 in summer so the daily candle starts at the 5pm New York rollover. Check your broker's own contract page.
What is NZD/JPY?
NZD/JPY shows how many Japanese yen one New Zealand dollar buys. If it reads 88.00, one New Zealand dollar costs 88 yen. Like AUD/JPY, it tends to rise when markets are calm and fall fast when fear rises.
Both currencies are at home in the Asia Pacific session, so NZD/JPY is busiest in the UK night. Its price is effectively NZD/USD multiplied by USD/JPY.
The trading sessions
The pair's home session. RBNZ decisions, New Zealand data, Australian news and Japanese data all land here.
London adds volume and often tests the Asian high or low.
US data at 13:30 UK moves USD/JPY and risk mood. Liquidity thins after 17:00 UK.
Typically the most active local hours for NZD/JPY.
Contract facts
One pip is 0.01 (the second decimal place). Most brokers quote one more decimal, a tenth of a pip, often called a pipette or point.
1 standard lot = 100,000 New Zealand dollars (the first currency in the pair). A mini lot (0.1) is 10,000 and a micro lot (0.01) is 1,000.
One pip (0.01) on 1 standard lot is worth 1,000 yen (100,000 x 0.01). On a mini lot (0.1) it is 100 yen and on a micro lot (0.01) it is 10 yen. To see it in your account currency, your platform converts at the current rate.
Most NZD/JPY trading happens in the spot market between banks and through CFDs. Cross rate futures volume is small, so CFD and spot prices are what most traders watch.
How far it usually moves
Varies with conditions; check the Average daily range indicator on WickSpeak for the current figure in pips. We do not publish a fixed number for NZD/JPY because we could not verify one from an official source.
What moves NZD/JPY
Expectations for New Zealand interest rates drive the kiwi (the market's nickname for the New Zealand dollar).
Dairy is New Zealand's largest export, so Global Dairy Trade auction results can nudge the kiwi.
Any sign the Bank of Japan will raise rates further, or step in to support the yen, tends to strengthen the yen sharply.
The yen is often bought when markets are fearful and sold when stocks are calm and rising, so NZD/JPY tends to fall in a sell off.
Japanese rates are low, so traders who borrow yen to hold the higher yielding New Zealand dollar (the carry trade) support NZD/JPY, and unwind fast when fear rises.
If the yen weakens fast, Japan's finance ministry may buy yen, which can drop yen crosses sharply.
Scheduled events to watch
Announced at 14:00 New Zealand time; the next is 9 December 2026, then 10 February 2027, and the RBNZ moves to eight decisions a year from 2027.
The statement comes out when the two day meeting ends; next meeting 17 to 18 December 2026, then 21 to 22 January 2027.
Stats NZ publishes at 10:45 New Zealand time; quarterly, so each release carries more weight than a monthly one.
Released at 08:30 Tokyo time, an early monthly read on Japanese inflation that feeds Bank of Japan expectations.
Quarterly unemployment and wages from Stats NZ at 10:45 New Zealand time.
What it tends to move with
NZD/JPY and AUD/JPY usually move together closely.
NZD/JPY has often moved in the same direction as US stock indices.
When the kiwi leads, NZD/JPY tends to follow NZD/USD.
Tips for trading NZD/JPY
Risk gauge check
A long NZD/JPY idea is proved wrong if stock indices break lower and the pair closes below the Asian low.
RBNZ nights
Avoid tight stops through the RBNZ decision; a close back through the pre-decision range proves the first move wrong.
Fast unwinds
When fear spikes, NZD/JPY can drop much faster than normal. Use a hard stop beyond structure.
London break
A London close beyond the Asian range is a direction idea; a close back inside proves it wrong.
Connect a cTrader account once and, if your broker offers NZD/JPY, it appears on WickSpeak at your broker's own prices. Key levels show the previous day high and low, pivot points, round numbers and average daily range levels with how many pips away each is, Time of day DNA shows when NZD/JPY has tended to move, and every indicator writes a plain-English reading on the live candle. A Playbook play can alert you, paper trade, or place a trade inside guardrails you set, only on a play where you switched live trading on.
Related markets
Sources: pepperstone.com, pepperstone.com, rbnz.govt.nz, stats.govt.nz, boj.or.jp. Checked 2026-11-05. Broker hours follow your broker's server clock and can differ.
Questions traders ask
What are NZD/JPY trading hours in the UK?
NZD/JPY typically trades from Sunday 22:00 to Friday 22:00 UK time, which is 5pm Sunday to 5pm Friday in New York. In the few weeks when the US and UK clocks change on different dates, the open and close are at 21:00 UK. It does not trade on Saturdays.
What is the best time to trade NZD/JPY?
Typically 22:00 to 08:00 UK, when New Zealand, Australia and Japan are open and their data and central bank news land. The London open can add a second burst.
Is NZD/JPY like AUD/JPY?
Yes, they usually move closely together, since both pair a currency that likes calm markets with the yen. NZD/JPY often has slightly less volume, so spreads can be a little wider.
When does the RBNZ announce in UK time?
At 14:00 New Zealand time, which is 01:00 UK in UK winter and 03:00 UK in UK summer. The next decision is 9 December 2026.
How much is 1 pip on NZD/JPY worth?
On 1 standard lot of 100,000 New Zealand dollars, one pip (0.01) is worth 1,000 yen. On 0.1 lots it is 100 yen and on 0.01 lots it is 10 yen. Your platform shows it in your account currency at the current rate.