EUR vs JPY Spread Bets





Also see Live EURJPY chart below.



Where Can I Spread Bet on EURJPY?

Investors can put spread bets on EURJPY by using an account with these providers:

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.



Also see Live EURJPY chart below.

Live EURJPY Chart




Live EURJPY Chart




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

The chart shown above offers you a helpful view of the market.

Still, for those that are spread betting on EURJPY, the above firms have platforms with real-time price updates and more sophisticated charts.

Example candlestick chart:

EUR vs JPY Spread Bets - Example Chart



EURJPY Spread Betting Example

EUR vs JPY Spread Bets
If you decide to spread bet on a forex pair like EURJPY then, looking at a company like InterTrader.com, you would currently find a quote of ¥137.069 – ¥137.085.

As a result, you could speculate on EURJPY to move higher than ¥137.085 or to move lower than ¥137.069.

When spread betting, investors trade on every unit the market moves up or down. Specifically, for the EURJPY market a unit is ¥0.010 of the FX pair’s price movement.

With this example, let’s say you decide to trade £5 for every ¥0.010 EURJPY goes up or down.


Buying – Speculating on the Market to Increase

If you were to go long of EURJPY at ¥137.085 and the FX pair went up then the spread could move to ¥137.428 – ¥137.444. If so, you might decide to close your bet for a profit by selling at ¥137.428.

Profit or Loss = (settlement price of the market – initial price of the market) x stake per ¥0.010
Profit or Loss = (¥137.428 – ¥137.085) x £5 per ¥0.010 stake
Profit or Loss = ¥0.343 x £5 per ¥0.010
Profit or Loss = £171.50 profit

Financial markets also move down, if the FX pair had fallen to, for example, ¥136.777 – ¥136.793, you might want to close your bet to restrict your losses. Assuming this was the case, you would place a sell trade at ¥136.777.

Therefore, with the same £5 per ¥0.010 stake:

Profit or Loss = (settlement price of the market – initial price of the market) x stake per ¥0.010
Profit or Loss = (¥136.777 – ¥137.085) x £5 per ¥0.010 stake
Profit or Loss = -¥0.308 x £5 per ¥0.010
Profit or Loss = -£154.00 loss


Selling – Speculating on the Market to Decrease

A major advantage of placing a spread bet is that you can go short of the markets.

To start with, the market was priced at ¥137.069 – ¥137.085.

If you went short of EURJPY at ¥137.069 and the FX pair fell then you might see the price move to ¥136.762 – ¥136.778. If this were the case, you might decide to close your trade for a profit by buying at ¥136.778.

Profit or Loss = (initial price of the market – settlement price of the market) x stake per ¥0.010
Profit or Loss = (¥137.069 – ¥136.778) x £5 per ¥0.010 stake
Profit or Loss = ¥0.291 x £5 per ¥0.010
Profit or Loss = £145.50 profit

Conversely, if the FX pair had risen to ¥137.315 – ¥137.331, you may want to close your position to limit your losses. In that case, you would buy the market at ¥137.331.

With the same £5 per ¥0.010 stake:

Profit or Loss = (initial price of the market – settlement price of the market) x stake per ¥0.010
Profit or Loss = (¥137.069 – ¥137.331) x £5 per ¥0.010 stake
Profit or Loss = -¥0.262 x £5 per ¥0.010
Profit or Loss = -£131.00 loss


EURJPY Rolling Daily prices accurate as of 7-Oct-15.

Please note that this is a ‘Rolling Daily’ trade. Such markets do not have a preset expiry date and rolls over to the next trading day automatically. If it does roll, then you may receive a small credit or be charged a small overnight financing fee. For more details see guide to rolling daily fees.



EURJPY Test Accounts

What if you want to try things out? The following platforms provide test accounts. I.e. accounts where you can have a go at trading EURJPY without risking any capital.



User Questions and Answers on EURJPY

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