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NOKJPY

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    14.4911$
  • Previous Close
    14.4952$
  • 52 Week Change
    --
  • Day Range
    -0.00$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

NOKJPY.FOREX represents the exchange rate between the Norwegian Krone (NOK) and the Japanese Yen (JPY) in the foreign exchange (forex) market. It indicates how many Japanese Yen are needed to purchase one Norwegian Krone. Trading NOKJPY involves speculating on the fluctuating value of these two currencies relative to each other, influenced by factors such as interest rate differentials, economic growth, geopolitical events, and risk sentiment in Norway, Japan, and globally. Profits or losses are realized based on the accuracy of predicting the direction of the NOKJPY exchange rate movement.
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Factors

NOKJPY.FOREX undefined Interest Rate Differentials: Differences between the Norges Bank (Norway) and Bank of Japan (Japan) influence currency flow.

Commodity Prices: Norway's oil exports tie NOK to crude oil prices; rising prices often strengthen NOK.

Global Risk Sentiment: JPY is a safe-haven currency; risk-off sentiment strengthens JPY, weakening NOKJPY.

Economic Data: Economic releases from both countries (GDP, inflation, employment) impact currency values.

Central Bank Policies: Policy announcements and interventions by Norges Bank and BoJ affect currency valuations.

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