EUR/JPY Spread Betting
Indicative EUR/JPY prices:
Click on the tabs for key stock market indices, forex and equities markets.
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Above, indicative prices from Financial Spreads: 2,500+ live prices available to Spread Betting and CFD clients.
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Where Can I Spread Bet on EUR/JPY? |
You are currently able to spread bet on EUR/JPY by trading with any of the following firms:
EUR/JPY Market Analysis and Trading News
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| 24-May-13 |
[4:00am] EUR/JPY is trading -$0.2200 (-0.17%) lower at ¥132.14.
Update by 
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| 23-May-13 |
[4:00am] EUR/JPY is trading -$0.0900 (-0.06%) lower at ¥132.43.
Update by
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» More forex trading views and analysis.
This content is for information purposes only and is not intended as a recommendation to trade. Nothing on this website should be construed as investment advice.
Unless stated otherwise, the above time is based on when we receive the data (London time). All reasonable efforts have been made to present accurate information. The above is not meant to form an exhaustive guide. Neither CleanFinancial.com nor any contributing company/author accept any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided.
Where Can I Find Live Spread Betting Prices and Charts for EUR/JPY? |
We do show reasonably accurate forex spread betting prices - see above for EUR/JPY prices (daily market).
The following CFD chart will provide you with a nice guide to the EUR/JPY rate.
The above chart is from Plus 500 and is normally based on the near-term EUR/JPY futures contract (not the daily market).
If you would like to study live spread trading prices and charts for EUR/JPY, you will probably need a spread trading account.
You can also use a spreads account to trade shorter term daily prices. Please note that such accounts are normally dependent on credit and status checks.
Should your new account be approved then, once logged in, you will be able to analyse the real time trading charts/prices. On most platforms, these are free, however, the catch is that you will probably get the occasional letter or sales call from your spread betting firm.
Of course, if you want to trade then you should remember that contracts for difference and financial spread trading involve a high degree of risk and it's possible to incur losses that exceed your initial investment.
Technical Charting Packages for EUR/JPY |
Although charts normally differ across the various providers, the charts often come with user friendly features that include:
- Many different time periods, for example, 2 minutes, 15 minutes, 4 hours etc
- A variety of displays, for example, bar and candlestick charts
- Drawing features and options, for example, trendlines, Fibonacci time zones, fans and arcs
- Indicators and chart overlays, for example, Bollinger Bands, RSI, Average Directional Index etc
The charts on Inter Trader also come with advanced features such as:
- BackTesting
- Custom email notifications for when a market reaches a given level
Sample FinancialSpreads.com forex rate candlestick chart
The spread trading companies listed below provide clients with real time prices and charts:
Advert:
EUR/JPY Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on EUR/JPY with
Financial Spreads.
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Where Can I Spread Bet on EUR/JPY for Free? |
Trading is not without risk, but if you want to open an entirely free Practice Account, which lets you trial spread betting, please see below.
When thinking about which investment option might work for you, also remember that in the UK, financial spread betting is free of capital gains tax, stamp duty and income tax*.
If you want to try a free trading platform then you should keep in mind that investors can take a view on EUR/JPY with no commissions or brokers' fees with providers like:
If you want a (free) virtual money Demo Account / Test Account that lets users try out financial spread betting, including markets like EUR/GBP, the DAX 30, crude oil and EUR/JPY, then take a look at:
Each of the above currently offer a free Test Account that allows investors to test new trading ideas, access professional level charts and gain experience with a host of trading orders, e.g. guaranteed stop losses and stop losses.
How to Spread Bet on EUR/JPY? |
As with a wide variety of markets, you are able to place a spread bet on forex pairs, such as EUR/JPY, to either rise or fall.
Looking at a financial spread betting site like FinancialSpreads.com, we can see they have priced the EUR/JPY Rolling Daily market at ¥100.065 - ¥100.081. This means an investor can spread trade on the EUR/JPY FX rate:
 Going higher than ¥100.081, or
 Going lower than ¥100.065
When placing a spread bet on EUR/JPY you trade in £x per point where a point is ¥0.010 of the pairs movement. Therefore, if you risked £5 per point and EUR/JPY moves 23.0 points then that would make a difference to your profits (or losses) of £115. £5 per point x ¥0.230 = £5 per point x 23.0 points = £115.
Rolling Daily Foreign Exchange Markets
You should note that this is a 'Rolling Daily Market', therefore unlike a normal futures market, there is no settlement date. If your trade is still open at the end of the trading day, it just rolls over to the next day.
If a forex position is rolled over then you will be charged a small overnight financing fee. For a more detailed guide to Rolling Daily Markets, including a fully worked example, please read our feature Rolling Daily Spread Betting.
EUR/JPY Rolling Daily - Forex Spread Betting Example |
Now, if you think about the above spread of ¥100.065 - ¥100.081 and assume that:
- you have done your analysis of the currency markets, and
- you feel that the EUR/JPY rate will move above ¥100.081
then you could buy at ¥100.081 for a stake of £2 per point.
With such a bet you make a profit of £2 for every point (¥0.010) that the EUR/JPY rate moves higher than ¥100.081. On the other hand, such a bet also means you will make a loss of £2 for every point that the EUR/JPY market falls lower than ¥100.081.
Put another way, should you buy a spread bet then your P&L is found by taking the difference between the closing price of the market and the price you bought the market at. You then multiply that price difference by the stake.
If after a few days the FX pair started to increase then you might want to close your spread bet so that you can secure your profit.
If that happened then the spread, set by the spread trading company, might change to ¥100.631 - ¥100.647. In order to close your spread bet you would sell at ¥100.631. Therefore, with the same £2 stake your profit would come to:
Profits (or losses) = (Settlement Price - Opening Price) x stake
Profits (or losses) = (¥100.631 - ¥100.081) x £2 per point stake
Profits (or losses) = ¥0.550 x £2 per point stake
Profits (or losses) = 55.0 points x £2 per point stake
Profits (or losses) = £110.00 profit
Trading currencies is not simple. In this case, you had bet that the forex pair would rise. Nevertheless, it could decrease.
If the EUR/JPY market had started to drop then you might decide to settle/close your position in order to limit your losses.
Should the market fall back to ¥99.616 - ¥99.632 then this means you would sell back your position at ¥99.616. As a result, your loss would be:
Profits (or losses) = (Settlement Price - Opening Price) x stake
Profits (or losses) = (¥99.616 - ¥100.081) x £2 per point stake
Profits (or losses) = -¥0.465 x £2 per point stake
Profits (or losses) = -46.5 points x £2 per point stake
Profits (or losses) = -£93.00 loss
Note: EUR/JPY Rolling Daily spread taken as of 11-Sep-12.
Advert:
EUR/JPY Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on EUR/JPY with
Financial Spreads.
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Risk Warning: Spread betting and CFD trading carry a high level of risk to your capital and you may lose more than your initial investment. Spread betting and CFD trading may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.
'EUR/JPY Spread Betting' by DB, updated 24-May-13
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