Currency pair PLNJPY belongs to the group of exotic trading instruments and shows a ratio of the Polish Zloty and Japanese yen. In this currency pair, the Polish national currency acts as basic, and the Japanese yen is exposed to converting. The quotes of PLNJPY show how many Japanese yens it is necessary to pay for the purchase of one Polish Zloty. The greatest activity of the pair is observed during working hours of the Asian and European markets. PLNJPY differs in the raised volatility, as well as all tools which include the Japanese yen.
The economy of Poland and Japan has an impact on the currency rate of PLNJPY. Poland is the most advanced country in which the industry is well developed. The most active industrial sectors are ferrous metallurgy, the coal industry and mechanical engineering. Moreover, thanks to the developed agrarian sector of the country, Poland exports many foods to EU countries.
Japan is one of the most developed countries in the economic and technological plan. Creating the forecast for PLNJPY, it is worth paying attention to economic and geopolitical data from the USA and a dollar, which has a great influence on the national currency of Japan. The pair belongs to the high-volatile and badly predicted trading instruments, it is preferred by experienced and hazardous participants of the exchange market.