NOKJPY chart by TradingView

NOK/JPY

The Norwegian Krone has been free floating since its fixed exchange rate was removed in 1992 due to the Norwegian Central Bank's inability to control excess speculation. The pair is prone to extreme volatility during risk on / risk off environments. The Bank of Japan's massive easing program has driven significant weakness in the Japanese Yen recently, but any sudden global headwinds in combination with further instability in the Euro-Zone could see a flight to safe haven currencies, thus driving the pair lower.


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