Chart of price change NOK/JPY

Currency pair NOKJPY shows a ratio of Norwegian krone and the Japanese yen and belongs to the exotic trading instruments. The quotes of NOKJPY show how many Japanese yens it is necessary to pay for one Norwegian krone. The national currency of Norway acts as the base currency, and Japanese yen as the quoted. The pair is characterized by high volatility and sharp jumps of the price, therefore, it isn't recommended for inexperienced participants of the exchange market.


The greatest support of Norway's economy is given by activity and a worthy level of development of the agrarian and industrial sector. Japan is the advanced technological country which conducts a vigorous trading activity, exporting the goods to all corners of the world.

The oil market as Norway is included in the five of the leading countries on production and oil export and gas has a special impact on the movement of a currency pair NOKJPY. The main trading partner of Norway is EU countries, while Japan actively cooperates with the USA. When forecasting price maneuvers of NOKJPY, special attention should be paid on significant news releases of the EU and the USA, and also GDP indicators.

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