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CFDs come with a high risk of losing money rapidly due to leverage. 71% of accounts lose money when trading CFDs with this provider. You should understand how CFDs work and consider if you can take the risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

71% of retail investor accounts lose money when trading CFDs with this provider.

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NOK to YEN

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[[ data.price ]] [[ data.change ]] ([[ data.changePercent ]]%)

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About

History

Why trade?

About

History

Why trade?

The NOK to JPY currency pair is a popular trading choice for investors looking to capitalize on the differences in economic policies between Norway and Japan. NOK, or Norwegian Krone, is the official currency of Norway, while JPY or Japanese Yen is the official currency of Japan.

The two countries have been experiencing different trends in terms of their economic growth and stability, making it a lucrative pair for investors to speculate on. The value of the NOK to JPY currency pair is determined by several factors, including the relative strength of each country's economy, political stability, and current interest rates. Investors can use technical analysis tools like charting and trend lines to understand the movements of this currency pair and informed trading decisions.

The Norwegian Krone (NOK) and the Japanese Yen (JPY) currency pair have seen some dramatic changes in their price history. In October 2007, the NOK/JPY pair achieved a high of 21.72. This was the highest point for the pair since 1998.

Conversely, the NOK/JPY pair had its worst performance in March 2020, when it plummeted to a low of 9.628 Since then, the pair has recovered some ground and is currently trading around 12-13 JPY per NOK. This demonstrates the volatility of this currency pair and the risk associated with trading this currency. Therefore, traders should be aware of the risks before entering into a transaction with the NOK/JPY pair.

The NOK/JPY pair offers traders the opportunity to take advantage of the movement in both currency pairs. If one of the currencies begins to appreciate, traders can benefit from the subsequent changes in exchange rates. This makes it possible for traders to make money by trading multiple currency pairs at once and taking advantage of any movements each of them makes.

In addition to the NOK/JPY pair, traders should also take note of other currency pairs such as the Euro (EUR) and US Dollar (USD). The EUR/USD is one of most heavily traded currency pairs and provides a great opportunity for traders looking for longer-term investments. Additionally, many emerging market currencies, such as the Mexican Peso (MXN) and Brazilian Real (BRL), can be attractive options for traders looking for higher returns with more risk.

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Trading Hours Trading Hours

* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.

The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.

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Why Trade [[data.name]]

Make the most of price fluctuations - no matter what direction the price swings and with low capital investment.

Forex
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Capitalise on rising prices (go long)

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Capitalise on falling prices (go short)

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Trade with leverage

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Trade on volatility

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Enjoy huge liquidity

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Manage risk with in-platform tools
Ability to set take profit and stop loss levels

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