The NZDJPY pair is the abbreviation for the cross between the New Zealand dollar and Japanese Yen. The pairing is distinct in that it represents a combination of a commodity risk currency and a safe haven currency. During periods of uncertainty, the Japanese Yen tends to strengthen. The lower yield of the Japanese Yen makes the pair to be an attractive option for carry trades. The currency pair is traded most actively during the Asian trading session when both the New Zealand and the Japanese markets are open. The currency pair is often influenced by economic and political policies of New Zealand and Japan as well as unemployment rates, inflation and GDP growth.