GBP vs JPY Spread Bets





Also see Live GBPJPY chart below.



Where Can I Spread Bet on GBPJPY?

Investors can place trades on GBPJPY, as well as a variety of other financial markets, with these spread betting platforms:

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 GBPJPY Chart




Live GBPJPY Chart




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

The quick chart above gives you a valuable look at the current market trends.

However, for those that are spread betting on GBPJPY, the companies listed above have real-time pricing and charts with more features.

Typical chart:

GBP vs JPY Spread Bets - Example Chart



GBPJPY Spread Betting Example

GBP vs JPY Spread Bets
If you are interested in financial spread betting on a forex rate like GBPUSD then, on visiting a trading platform like CMC Markets, you would currently find a quote of $1.69710 – $1.69728.

If you’re thinking about financial spread betting on a currency pair such as GBPJPY then, looking at a website like IG, you might get a quote of ¥172.977 – ¥173.007.

As a result, you can bet on GBPJPY to move higher than ¥173.007 or to move lower than ¥172.977.

When you spread bet, you speculate on every unit the market rises or falls. In the case of the GBPJPY market a unit is ¥0.010 of the pair’s price movement.

As an example, let’s say you decide to stake £3 for every ¥0.010 GBPJPY increases or decreases.


Buying – Spread Betting on the Market to Increase

If you were to buy GBPJPY at ¥173.007 and the pair rose then you might see the price move to ¥173.465 – ¥173.495. If so, you might want to close your trade for a profit at ¥173.465.

Your P&L = (final level of the market – opening level of the market) x stake per ¥0.010
Your P&L = (¥173.465 – ¥173.007) x £3 per ¥0.010 stake
Your P&L = ¥0.458 x £3 per ¥0.010
Your P&L = £137.40 profit

On the other hand, if the pair had fallen to ¥172.592 – ¥172.622, you might want to close your position to prevent further losses. If this were the case, you would sell back at ¥172.592.

You would do this with the same £3 per ¥0.010 stake:

Your P&L = (final level of the market – opening level of the market) x stake per ¥0.010
Your P&L = (¥172.592 – ¥173.007) x £3 per ¥0.010 stake
Your P&L = -¥0.415 x £3 per ¥0.010
Your P&L = -£124.50 loss


Selling – Spread Betting on the Market to Decrease

A useful feature of spread trading is that investors can sell the markets, i.e. bet that the markets are going to drop.

This market was initially priced at ¥172.977 – ¥173.007.

If you short sold GBPJPY at ¥172.977 and the pair fell then you might see the price move to ¥172.466 – ¥172.496. Assuming this was the case, you might decide to close your bet for a profit by buying at ¥172.496.

Your P&L = (opening level of the market – final level of the market) x stake per ¥0.010
Your P&L = (¥172.977 – ¥172.496) x £3 per ¥0.010 stake
Your P&L = ¥0.481 x £3 per ¥0.010
Your P&L = £144.30 profit

Conversely, if the pair were to rise up to ¥173.383 – ¥173.413, you may decide to close your trade to limit your losses. Therefore, you’d buy the market at ¥173.413.

Therefore, with the same £3 per ¥0.010 stake:

Your P&L = (opening level of the market – final level of the market) x stake per ¥0.010
Your P&L = (¥172.977 – ¥173.413) x £3 per ¥0.010 stake
Your P&L = -¥0.436 x £3 per ¥0.010
Your P&L = -£130.80 loss


GBPJPY Rolling Daily spread betting prices correct as of 25-Jul-14.

This is a rolling daily market. This type of trade doesn’t have a fixed expiry date and instead 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 information see guide to rolling markets.



GBPJPY Demo Accounts

What if you just want to practice? The following companies also offer test accounts, i.e. accounts where you can have a go at spread betting on GBPJPY without risking any capital.



User Questions and Answers on GBPJPY

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