CHF/JPY Spread Betting

The CleanFinancial guide to CHF/JPY spread betting.

• Where Can I Spread Bet on CHF/JPY?
• Live CHF/JPY Charts
• Live CHF/JPY Prices
• CHF/JPY Trading News and Analysis
• Where Can I Trade CHF/JPY for Free?
• Where Can I Practice Trading CHF/JPY?
• How to Spread Bet on CHF/JPY?
• Forex Spread Betting Guide

Live CHF/JPY Chart & Prices

The following CFDs chart and prices offers users a useful look at the CHF/JPY forex market.


The chart above normally follows the CHF/JPY futures market (not the spot market).

If you’d like access to live spread trading charts/prices for CHF/JPY, you will generally need a spread betting account.

You can also use a spreads account to speculate on the shorter-term spot prices. Please note that such accounts are subject to credit, status and suitability checks.

Should your application be approved then, when you log on, you will be able to make use of the live charts and the current pricing. These are usually provided for free, however, you’ll probably receive the occasional sales call and/or email from the relevant firm.

If you do trade then be aware that spread betting and contracts for difference do involve a high level of risk to your capital and you may lose more than your initial investment.

Where Can I Spread Bet on CHF/JPY?

You can currently speculate without paying any commissions on CHF/JPY, plus a variety of similar spread betting markets, with firms like:

• City Index
• Financial Spreads
• IG
• InterTrader
• Spreadex

CHF/JPY Market Analysis and Trading News

» More forex trading views and analysis.

Professional Charting Packages for CHF/JPY

Whilst charting software/packages differ across the various platforms, to help you with your trading decisions, they generally have tools and features such as:

• An array of time periods e.g. 30 minutes, 4 hours, 1 week etc
• Different displays e.g. candlestick charts and OHLC charts
• Drawing options and tools e.g. Fibonacci time zones, fans and arcs
  
  

The charts with Selftrade Markets also come with advanced features such as:

• Custom Indicators, BackTesting and Optimisation tools
• Numerous chart overlays e.g. Moving Averages, Ichimoku Cloud, Price Channels etc
• A wide selection of indicator charts e.g. MACD, Average Directional Index, Ultimate Oscillator etc
• Automated email alerts that trigger when the markets reach a pre-determined level
  
  

Sample FinancialSpreads currency market chart



The following financial spread betting firms offer account holders access to live trading prices/charts:

• City Index (read review)
• ETX Capital (read review)
• Financial Spreads (read review)
• Finspreads (read review)
• IG (read review)
• Inter Trader (read review)
• Spreadex (read review)

Where Can I Trade CHF/JPY for Free?

Investing in the financial markets involves an element of risk. However, if you want to try a free Practice Account, where you can trial financial spread betting, then see below for further details.

When considering which investment option might work for you, don’t forget that, in the UK, financial spread betting is free of stamp duty, income tax and capital gains tax*.

If you are trying to find a free spread betting website, you should note that investors can speculate on CHF/JPY with no brokers’ fees or commissions with firms like:

• City Index
• Financial Spreads
• IG Index
• Inter Trader
• Spreadex

Free Demo Account

If you are interested in a free Demo Account so you can try spread betting, and markets like CHF/JPY, then consider:

• Financial Spreads
• Inter Trader

Each of the spread betting firms listed above currently offer a Demo Account that allows investors to apply an array of trading orders, try out ideas and access charts, such as candlestick and bar charts.

How to Spread Bet on CHF/JPY?

As with a wide range of financial markets, investors can spread bet on foreign exchange pairs, such as CHF/JPY, to either rise or fall.

Looking at a financial spread betting website like FinancialSpreads.com, you can see they are currently showing the CHF/JPY Rolling Daily market at ¥82.868 – ¥82.898. As a result, you can spread bet on the CHF/JPY pair:

  Increasing above ¥82.898, or
  Decreasing below ¥82.868

When financial spread betting on CHF/JPY you trade in £x per point where a point is ¥0.010 of the pairs movement. Therefore, if you chose to have a stake of £4 per point and CHF/JPY moves 30.0 points then that would be a difference to your profits (or losses) of £120. £4 per point x ¥0.300 = £4 per point x 30.0 points = £120.

Rolling Daily Foreign Exchange Markets

This is a Rolling Daily Market which means that unlike a normal spread betting futures market, there is no closing date. As a result, if your trade is still open at the end of the trading day, it will roll over to the next session.

If a forex bet is rolled over then you normally pay a small overnight financing fee. You can learn more in our feature Rolling Daily Spread Betting.

CHF/JPY Trading Example 1

Now, if you consider the above spread of ¥82.868 – ¥82.898 and make the assumptions that:

• You’ve done your research, and
• Your research suggests the CHF/JPY rate will go higher than ¥82.898

Then you may buy at ¥82.898 and invest, let’s say, £2 per point.

With such a bet you make a profit of £2 for every point (¥0.010) that the CHF/JPY rate rises above ¥82.898. On the other hand, it also means you will make a loss of £2 for every point that the CHF/JPY market falls lower than ¥82.898.

Looking at this from another angle, if you buy a spread bet then your P&L is worked out by taking the difference between the settlement price of the market and the initial price you bought the market at. You then multiply that price difference by your stake.

Therefore, if after a few sessions the rate moved higher then you could consider closing your position and therefore guarantee your profits.

Therefore, if the market moved up then the spread might move to ¥83.478 – ¥83.508. You would close/settle your spread bet by selling at ¥83.478. Therefore, with the same £2 stake this trade would make you a profit of:

Profit = (Settlement Level – Initial Level) x stake
Profit = (¥83.478 – ¥82.898) x £2 per point stake
Profit = ¥0.580 x £2 per point stake
Profit = 58.0 points x £2 per point stake
Profit = £116.00 profit

Speculating on FX, whether by spread trading or otherwise, may not go to plan. With the above, you wanted the forex pair to increase. Naturally, the forex rate could fall.

If the CHF/JPY market began to fall then you might decide to settle/close your spread bet to limit your losses.

Should the market drop to ¥82.401 – ¥82.431 then this means you would close your position by selling at ¥82.401. That would mean you would make a loss of:

Loss = (Settlement Level – Initial Level) x stake
Loss = (¥82.401 – ¥82.898) x £2 per point stake
Loss = -¥0.497 x £2 per point stake
Loss = -49.7 points x £2 per point stake
Loss = -£99.40 loss

Note: CHF/JPY Rolling Daily spread betting price taken as of 11-Sep-12.

How to Spread Bet on Swiss Franc – Yen – Example 2

Looking at a spread betting platform like Tradefair, you can see that they are pricing the Swiss Franc – Yen Rolling Daily market at ¥84.679 – ¥84.709. Therefore, an investor could put a spread bet on the Swiss Franc – Yen rate:

  Increasing above ¥84.709, or
  Decreasing below ¥84.679

Whilst financial spread trading on Swiss Franc – Yen you trade in £x per point where a point is ¥0.010 of the pairs movement. So, if you decide to have a stake of £3 per point and Swiss Franc – Yen moves 35.0 points then that would make a difference to your profits (or losses) of £105. £3 per point x ¥0.350 = £3 per point x 35.0 points = £105.

Now, if we continue with the above spread of ¥84.679 – ¥84.709 and assume:

• You’ve completed your market research, and
• Your research leads you to think that the Swiss Franc – Yen rate will move higher than ¥84.709

Then you could buy at ¥84.709 and risk £2 per point.

With such a bet you win £2 for every point (¥0.010) that the Swiss Franc – Yen pair rises above ¥84.709. Nevertheless, you will lose £2 for every point that the Swiss Franc – Yen market moves below ¥84.709.

Looking at this from another angle, if you were to buy a spread bet then your profit/loss is calculated by taking the difference between the closing price of the market and the price you bought the spread at. You then multiply that difference in price by the stake.

With this in mind, if after a few hours the forex rate moved higher then you might want to close your spread bet so that you can lock in your profit.

Taking this a step further, if the market did go up then the spread, set by the spread betting company, might move up to ¥85.133 – ¥85.163. In order to close your spread bet you would sell at ¥85.133. Accordingly, with the same £2 stake you would calculate your profit as:

Profits (or losses) = (Settlement Price – Opening Price) x stake
Profits (or losses) = (¥85.133 – ¥84.709) x £2 per point stake
Profits (or losses) = ¥0.424 x £2 per point stake
Profits (or losses) = 42.4 points x £2 per point stake
Profits (or losses) = £84.80 profit

Financial spread trading is not always simple. In this case, you wanted the FX pair to rise. However, it might go down.

If the Swiss Franc – Yen market began to drop then you might choose to close your trade to limit your losses.

If the spread dropped to ¥84.158 – ¥84.188 then this means you would settle your trade by selling at ¥84.158. That would mean you would make a loss of:

Profits (or losses) = (Settlement Price – Opening Price) x stake
Profits (or losses) = (¥84.158 – ¥84.709) x £2 per point stake
Profits (or losses) = -¥0.551 x £2 per point stake
Profits (or losses) = -55.1 points x £2 per point stake
Profits (or losses) = -£110.20 loss

Note: Swiss Franc – Yen Rolling Daily spread betting market correct as of 18-Sep-12.