USD vs JPY Spread Bets





Also see Live USDJPY chart below.



Where Can I Spread Bet on USDJPY?

Investors can spread bet on USDJPY, as well as thousands of other markets, by using an account with the following spread betting firms.

If you’re trading USDJPY then you should be able to get a spread of 0.8pt or better (for both in hours and out of hours trading).

If your provider is putting up a wide spread for this market then you might want to have a look around for a new platform.

Financial Spreads ETX Capital Spreadex IG City Index
Dollar/Yen Daily Financial Spreads Dollar/Yen Daily ETX Capital Dollar/Yen Daily Spreadex Dollar/Yen Daily IG Dollar/Yen Daily City Index Dollar/Yen Daily
Euro/Dollar Daily Financial Spreads Euro/Dollar Daily ETX Capital Euro/Dollar Daily Spreadex Euro/Dollar Daily IG Euro/Dollar Daily City Index Euro/Dollar Daily
Euro/Sterling Daily Financial Spreads Euro/Sterling Daily ETX Capital Euro/Sterling Daily Spreadex Euro/Sterling Daily IG Euro/Sterling Daily City Index Euro/Sterling Daily
Sterling/Dollar Daily Financial Spreads Sterling/Dollar Daily ETX Capital Sterling/Dollar Daily Spreadex Sterling/Dollar Daily IG Sterling/Dollar Daily City Index Sterling/Dollar Daily
Sterling/Euro Daily Financial Spreads Sterling/Euro Daily ETX Capital Sterling/Euro Daily Spreadex Sterling/Euro Daily IG Sterling/Euro Daily City Index Sterling/Euro Daily
Other Forex Financial Spreads Other Forex ETX Capital Other Forex Spreadex Other Forex IG Other Forex City Index Other Forex
The above spread betting markets may also be available with other companies.


Live USDJPY Chart




Live USDJPY Chart




Where Can I Get Live Spread Betting Prices and Charts for USDJPY?

The quick chart above provides you with a handy view of the current market trends.

Still, if you’re financial spread betting on USDJPY, the firms mentioned above have platforms with live prices and charts that have more advanced options.

Typical trading chart:

USD vs JPY Spread Bets - Example Chart



USDJPY Spread Betting Example

USD vs JPY Spread Bets
If you wanted to spread bet on a currency pair such as USDJPY then, looking at a platform like FinancialSpreads, you may see a quote of ¥101.924 – ¥101.932.

This means you can bet on USDJPY to go above ¥101.932 or go below ¥101.924.

When placing a spread bet, investors speculate on every unit the market increases or decreases. In this case, with the USDJPY market a unit is ¥0.010 of the FX rate’s price movement.

Let’s say, for this example, you decide to bet £2 for every ¥0.010 USDJPY rises or falls.


Speculating on the Market to Rise

If you bought USDJPY at ¥101.932 and the FX rate rose then the quote might become ¥102.544 – ¥102.552. If that happened, you could close your bet for a profit at ¥102.544.

Profit/Loss = (settlement level of the market – initial level of the market) x stake per ¥0.010
Profit/Loss = (¥102.544 – ¥101.932) x £2 per ¥0.010 stake
Profit/Loss = ¥0.612 x £2 per ¥0.010
Profit/Loss = £122.40 profit

Nevertheless, if the FX rate were to fall to ¥101.371 – ¥101.379, you might want to close your trade to prevent further losses. Assuming this was the case, you’d sell at ¥101.371.

You would close your bet with the same £2 per ¥0.010 stake:

Profit/Loss = (settlement level of the market – initial level of the market) x stake per ¥0.010
Profit/Loss = (¥101.371 – ¥101.932) x £2 per ¥0.010 stake
Profit/Loss = -¥0.561 x £2 per ¥0.010
Profit/Loss = -£112.20 loss


Speculating on the Market to Fall

One of the advantages of spread betting is that you can go short of the markets, i.e. bet that the markets will fall.

When we began this example, the market was ¥101.924 – ¥101.932.

If you went short of USDJPY at ¥101.924 and the FX rate went down then you might see the quote drop to ¥101.396 – ¥101.404. Therefore, you might decide to close your trade for a profit by buying at ¥101.404.

Profit/Loss = (initial level of the market – settlement level of the market) x stake per ¥0.010
Profit/Loss = (¥101.924 – ¥101.404) x £2 per ¥0.010 stake
Profit/Loss = ¥0.520 x £2 per ¥0.010
Profit/Loss = £104.00 profit

Markets can also rise, if the FX rate had risen to ¥102.392 – ¥102.400, you could close your position to restrict your losses. If this were the case, you would buy at ¥102.400.

So, with the same £2 per ¥0.010 stake:

Profit/Loss = (initial level of the market – settlement level of the market) x stake per ¥0.010
Profit/Loss = (¥101.924 – ¥102.400) x £2 per ¥0.010 stake
Profit/Loss = -¥0.476 x £2 per ¥0.010
Profit/Loss = -£95.20 loss


USDJPY Rolling Daily spread betting prices correct as of 9-Nov-16.

Be aware that this is a ‘Rolling Daily’ trade. This kind of market doesn’t have a fixed expiry date and instead rolls over to the next session automatically. When a market rolls over you may be charged a small overnight financing fee or receive a small credit. For more information see rolling daily charges.



USDJPY Demo Accounts

The following platforms offer free practice accounts. You can use these to place spread bets on USDJPY without taking on any risk.



User Questions and Answers on USDJPY

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