Trade Norwegian Krone / Japanese Yen

The base currency – NOK. The counter currency – JPY. The NOK to JPY chart is the Norwegian krone to the Japanese yen currency pair. It reflects how much the NOK is worth as measured against the JPY. The NOK/JPY is an exotic currency pair that is not traded as often as the majors, however still enjoys popularity among traders. The value of the Norwegian krone is often related to oil prices and interest rates. Therefore, when the oil price goes up, the krone strengthens its positions relative to other currencies and vice versa. Historically a low-yielding currency, the Japanese yen is an attractive vehicle for carry trades. Follow the NOK to JPY rates and explore this noteworthy trade vehicle.