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NZD to JPY Forecasts – New Zealand dollar to Japanese yen

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

04 Apr 2026 • 00:59 GMT

NZD/JPY 90.87

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: 88.6610 – 90.8700
  • Dominant driver: 🌍 Global risk sentiment
  • 3-month trend: ⚪ Range-bound

Currently, NZD/JPY is trading close to its 60-day lows near 90.87, which is below the 3-month average, supported by risk-off sentiment. Over the next few sessions, conditions could remain sensitive to safe-haven flows and global risk appetite, keeping the pair under pressure.

💸 Transfer implications

  • Expats: sending money to Japan may find current levels less favourable than recent, if the pair weakens further.
  • Travellers: buying Japanese Yen cash may encounter slightly higher rates if the pair declines.
  • Businesses: paying Japanese Yen invoices might see conditions become less advantageous if the pair remains pressured.

🧭 Key drivers

  • Rate gap: The yield and policy gap favors the Yen as the BOJ maintains its easing stance, pressuring USD/JPY and related pairs.
  • Risk/commodities: Global risk aversion supports Japanese Yen, with safe-haven flows dominating market moves.
  • Global factors: Heightened risk-off sentiment and intervention warnings reinforce safe-haven demand for the yen.

⚠️ What could change it

  • Upside risk: A shift in risk appetite could support the NZD, weakening safe-haven flows.
  • Downside risk: If risk aversion intensifies or intervention concerns grow, safe-haven flows may strengthen the Yen further.

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

NZD-JPY Rate Calculator

 
 
   
   
   
   
   
 
 

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 =
93.06We compare provider deals to this wholesale mid-market rate. Read more
JPY
1d+1.0%▲
NZD to JPY is at 7-day highs near 92.41, near its 3-month average, having traded in a quite stable 5.0% range from 90.24 to 94.79
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  1 JPY = 0.010746 NZD

Compare & Save - New Zealand dollar to Japanese yen

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare New Zealand dollar (NZD) to Japanese yen (JPY) rates from different sources before making a conversion.

Use our NZD to JPY calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Kiwi to Yen currency rates and the possible savings of using various providers.

 
 

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
26 Mar 2026
92.01
0.6% ▲2 Week
09 Jan 2026
90.52
2.2% ▲3 Month
09 Apr 2025
83.22
11.2% ▲1 Year
10 Apr 2021
77.13
20% ▲5 Year
11 Apr 2016
74.00
25.1% ▲10 Year
14 Apr 2006
73.25
26.3% ▲20 Year
NZD/JPY historic rates & change to 09-Apr-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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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more