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    Currency outlook NZD/JPY

    NZD to JPY Forecast & Outlook

    Latest NZD to JPY forecasts including bank predictions, key market drivers and recent trends for NZD/JPY. See where analysts expect the pair to move and the factors likely to influence it.

    NZD to JPY Forecast & Outlook

    25 Jul 2026 • 01:01 GMT

    NZD/JPY 94.84

    Forecast snapshot

    Quick NZD/JPY forecast

    Near-term bias🔴 Mild downside
    Expected range93.7310 – 95.4000
    Dominant driver🌍 Global risk sentiment
    3-month trend🔴 Downtrend

    Currently, NZD/JPY is trading near recent range highs at 94.84, supported by risk-off sentiment and geopolitical uncertainties. The pair remains above its 90-day average, but risk conditions suggest it may face downward pressure in the near term. Conditions could continue to weigh on the NZD if global risk aversion persists.

    💸 Transfer implications

    • Expats: sending money to Japan may be less favourable than recent levels if the pair declines.
    • Travellers: exchanging JPY now may be relatively better than in a rebound, but potential declines could reduce value later.
    • Businesses: paying overseas invoices in JPY using NZD may become less advantageous if the pair weakens further.

    🧭 Key drivers

    • Rate gap: The BoJ's accommodative stance contrasts with RBNZ rate hikes, keeping the JPY supported in risk-off modes.
    • Risk/commodities: Market stress and geopolitical risks are driving safe-haven flows into JPY.
    • Global factors: Heightened intervention risks and geopolitical uncertainty maintain risk-off market tone.

    ⚠️ What could change it

    • Upside risk: A shift towards risk appetite and fewer geopolitical tensions could support the pair.
    • Downside risk: Persistent risk aversion and intervention fears could pressure NZD/JPY lower.

    BER suggests shopping around for the lowest margin provider may help reduce overall transfer costs.

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    Compare NZD to JPY rates

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    NZD/JPY exchange-rate comparison Compare rates and typical FX costs

     
     
       

    Rate direction

    NZD to JPY market data

    New Zealand dollar (NZD) to Japanese yen (JPY) market data - latest interbank exchange rate, trend, chart & historic rates.

    Sell NZD   →   Buy JPY
    1 NZD =
    94.75We compare provider deals to this wholesale mid-market rate. Read more
    JPY
    1D−0.1%▼
    NZD to JPY at 94.75 is 1.5% above its 3-month average of 93.35, having traded in a quite stable 4.6% range from 91.22 to 95.40
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      1 JPY = 0.010554 NZD
     

    Will the New Zealand dollar rise against the Japanese yen?

    This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the New Zealand dollar vs Japanese yen current value is to look the NZD/JPY historic rate and change over a range of periods.

    The following table looks at the change in the NZD to JPY exchange rate over periods from the previous week back to the last 10 years.

    DateNZD/JPYChangePeriod
    15 Jul 2026
    94.77
    		0.1% ▼2 Week
    30 Apr 2026
    92.72
    		2.1% ▲3 Month
    29 Jul 2025
    88.38
    		7.1% ▲1 Year
    30 Jul 2021
    76.52
    		23.7% ▲5 Year
    31 Jul 2016
    73.63
    		28.5% ▲10 Year
    03 Aug 2006
    71.28
    		32.8% ▲20 Year
    NZD/JPY historic rates & change to 29-Jul-2026

    It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

    To help with this you can add NZD/JPY to your personalised Rate Tracker to track and benefit from currency movements.

     
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