ZAR/JPY exchange rate (ZARJPY) — live chart
Follow the live South African Rand / Japanese Yen price and chart, check the contract specifications and see what moves ZARJPY.
Chart and quote are a third-party TradingView feed for information only and can differ slightly from Xellion's MT5 prices.
About South African Rand / Japanese Yen
ZAR/JPY is the exchange rate between the South African rand and the Japanese yen. The price shows how many Japanese yen one South African rand buys: when ZARJPY rises, the South African rand is strengthening against the Japanese yen; when it falls, it is weakening.
ZAR/JPY is a minor or exotic cross, so it usually trades with less liquidity and wider spreads than the majors and can move sharply around local news. The South African rand is a liquid emerging-market currency linked to commodity exports such as gold and platinum and to global risk appetite. The Japanese yen has long been used as a funding currency because of Japan's low interest rates, and it often strengthens when markets turn risk-averse.
On Xellion's MT5 platform ZARJPY is traded as a CFD, so you can go long or short without exchanging either currency. One standard lot is 100,000 South African rand; the pip size and value are shown in the MT5 contract specification.
What moves the price
- The gap between interest rates set by the South African Reserve Bank and the Bank of Japan, and expectations for where they go next
- Gold, platinum and other commodity prices
- South African Reserve Bank decisions and power-supply or political news
- Risk sentiment, as the yen is often treated as a safe haven
- Comments or action from Japanese authorities on the exchange rate
- Trade flows and major economic releases from South Africa and Japan
| Symbol | ZARJPY |
|---|---|
| Contract size | 100,000 ZAR |
| Leverage | Up to 1:2000 |
| Trading hours | 24 hours a day, Monday to Friday |
Live spreads and swaps are shown in MT5. Exact session times are in the MT5 contract specification; leverage depends on your account and country.
ZARJPY questions
What does the ZARJPY price mean?
It is the number of Japanese yen needed to buy one South African rand. A rising price means the South African rand is gaining against the Japanese yen; a falling price means it is losing ground.
When is ZARJPY most active?
ZARJPY trades around the clock on weekdays, but it is usually busiest during the Tokyo and London sessions, and especially in the hours when the two sessions overlap. The forex market hours tool shows those sessions in your local time.
How much is one pip worth on ZARJPY?
Pip value on ZARJPY depends on the pip size in the MT5 contract specification and on the Japanese yen exchange rate against your account currency. Because Japanese yen are converted into your account currency, the value per pip changes as that rate moves.
How much margin do I need for one lot of ZARJPY?
Margin is the position value divided by your leverage. One lot is 100,000 South African rand, so at 1:500 you need 200 ZAR and at 1:100 you need 1,000 ZAR, converted into your account currency. Leverage up to 1:2000 is available depending on your account; the margin calculator gives the exact figure.
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Charts and prices on this page come from TradingView for information only and are not investment advice. Risk disclosure