NOKJPY
Market is open. Closes in 109h 07m
Norwegian Krone vs Japanese Yen
15.2188
0.1347
(0.89%)
Chart
Specification
| Details | |
|---|---|
|
Contract size
|
100000 |
|
Min volume, lot
|
0.01 |
|
Max volume, lot
|
100 |
|
Step volume, lot
|
0.01 |
|
Stops level
|
0 |
|
Avg spread, pips
|
409.5 |
|
Commission, per lot/side USD
|
0 |
|
Margin
|
0.5% |
|
Long swap, points
|
0 |
|
Short swap, points
|
-248.4 |
|
3 days swap
|
Wednesday |
|
Profit currency
|
NOK |
| Trading time (MT server time) | |
|---|---|
| Market is open. Closes in 109h 07m | |
| Sunday | - |
| Monday | 00:02 - 24:00 |
| Tuesday | 00:00 - 24:00 |
| Wednesday | 00:00 - 24:00 |
| Thursday | 00:00 - 24:00 |
| Friday | 00:00 - 23:58 |
| Saturday | - |
Description
The NOKJPY currency pair represents the exchange rate between the Norwegian krone (NOK) and the Japanese yen (JPY). It indicates how many yen are required to purchase one Norwegian krone. This pair reflects the economic dynamics between Norway and Japan and is classified as an exotic currency pair.
Factors influencing NOKJPY:
- Oil prices: Norway’s economy is heavily tied to oil exports, making NOK sensitive to fluctuations in oil prices.
- Central bank policies: Interest rate decisions by Norges Bank and the Bank of Japan (BoJ) impact the pair’s movements.
- Economic performance: Key indicators like GDP, inflation, and employment in both countries.
- Global market risk: JPY often strengthens during times of economic uncertainty due to its safe-haven status.
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