Euro-Yen Spread Betting
Indicative Euro-Yen 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 Euro-Yen? |
You can currently financial spread bet with no brokers' fees and no commissions on Euro-Yen, and a wide variety of other financial markets, through providers such as:
Advert:
Sterling-Yen Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Euro-Yen with
Financial Spreads.
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Where Can I Spread Bet on Euro-Yen for Free? |
Investing, by its very nature, always involves a degree of risk, but if you want to open a Demo Account, where you can trial spread trading, then please see below for more details.
Furthermore, don't forget that, in the UK, financial spread betting is exempt from capital gains tax, stamp duty and income tax*.
If you are interested in a free spread betting platform, keep in mind that investors can speculate on Euro-Yen with no brokers' fees or commissions through firms such as:
If you're interested in an entirely free Demo Account that allows you to get a better understanding of financial spread betting, and trading markets like Euro-Yen, then look at:
Each of these spread betting firms provide a risk free Demo Account which lets investors test new trading strategies, study charts and gain experience with orders, e.g. stop losses and trailing stops.
Where Can I Find Live Spread Betting Prices and Charts for Euro-Yen? |
We do show some fairly accurate spread betting prices for the daily Euro-Yen market above.
The live futures chart below will also give you a useful view of the Euro-Yen market.
The Plus500 CFD chart above usually tracks the underlying Euro-Yen futures contract (not the spot price).
To gain access to spread betting prices and live charts for Euro-Yen, you may need a spread betting account.
This would also give you access to the shorter term daily prices. Readers should note that opening an account is normally dependent on suitability, credit and status checks.
If your application is approved then, once logged in, you will be able to make use of the charts and live prices. These are normally provided as part of the service, however, the catch is that you're likely to get an occasional call and/or newsletter from your spread betting company.
Of course, if you do decide to trade then you should remember that financial spread trading and CFDs involve a high level of risk and can result in losses that exceed your initial investment.
Professional Charts for Euro-Yen |
Though charts differ across the industry, in order to help your trading decisions, most charts usually come with useful features, including:
- A variety of time periods, for example, 1 minute, 1 hour, 1 day and so on
- A variety of chart views, for example, line charts and candle charts
- Drawing options and tools, for example, trendlines, Fibonacci time zones, arcs and fans
The charts with CapitalSpreads also include more advanced features such as:
- Back Testing, Tailored Indicators and Optimisation tools
- Key technical overlays, for example, Ichimoku Clouds, MAs, EMAs, Wilder's Smoothing and so on
- Technical indicator charts, for example, Stochastic, Chaikin Money Flow, Volume Index and so on
- Custom email alerts that trigger when a market reaches a pre-determined level
Sample forex rate candle chart
The financial spread betting companies listed below give their clients access to real-time trading prices and charts:
How to Spread Bet on Euro-Yen? |
As with a variety of financial markets, an investor can place a spread bet on FX pairs, such as Euro-Yen, to go up or down.
Looking at a financial spread betting site like FinancialSpreads.com, we can see they are showing the Euro-Yen Rolling Daily market at ¥102.721 - ¥102.737. As a result, an investor can spread bet on the Euro-Yen rate:
 Going above ¥102.737, or
 Going below ¥102.721
Whilst financial spread trading on Euro-Yen you trade in £x per point where a point is ¥0.010 of the pairs movement. Therefore, if your stake was £5 per point and Euro-Yen moves 37.0 points then that would be a difference to your profits (or losses) of £185. £5 per point x ¥0.370 = £5 per point x 37.0 points = £185.
Rolling Daily FX Markets
An important aspect of this Rolling Daily Market is that there is no predetermined settlement date for this market. If you leave your trade open at the end of the day, it will roll over to the next session.
If your FX trade is rolled over then you will usually be charged a small overnight financing fee. You can learn more about Rolling Daily Markets in our article Rolling Daily Spread Betting.
Euro-Yen Rolling Daily - Foreign Exchange Spread Trading Example |
Now, if you think about the above spread of ¥102.721 - ¥102.737 and make the assumptions that:
- You have completed your analysis, and
- It leads you to think that the Euro-Yen market will go higher than ¥102.737
Then you may decide to buy a spread bet at ¥102.737 for a stake of £3 per point.
This means that you make a profit of £3 for every point (¥0.010) that the Euro-Yen pair moves above ¥102.737. On the other hand, you will lose £3 for every point that the Euro-Yen market moves below ¥102.737.
Thinking of this in a slightly different way, 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 initial price you bought the market at. You then multiply that difference in price by your stake.
If after a few sessions the foreign exchange rate moved higher then you might want to close your position to secure your profit.
Therefore, if the market moved up then the spread, determined by the spread betting company, could be adjusted to ¥103.251 - ¥103.267. You would close your position by selling at ¥103.251. Therefore, with the same £3 stake:
Profit = (Closing Price - Initial Price) x stake
Profit = (¥103.251 - ¥102.737) x £3 per point stake
Profit = ¥0.514 x £3 per point stake
Profit = 51.4 points x £3 per point stake
Profit = £154.20 profit
Speculating on forex, whether by spread betting or otherwise, can work against you. In this example, you had bet that the currency pair would increase. However, the forex rate could go down.
If the Euro-Yen rate dropped then you might decide to settle/close your position to limit your losses.
Should the market fall back to ¥102.275 - ¥102.291 you would settle your spread bet by selling at ¥102.275. This would result in a loss of:
Loss = (Closing Price - Initial Price) x stake
Loss = (¥102.275 - ¥102.737) x £3 per point stake
Loss = -¥0.462 x £3 per point stake
Loss = -46.2 points x £3 per point stake
Loss = -£138.60 loss
Note - Euro-Yen Rolling Daily currency market taken as of 18-Sep-12.
Advert:
Sterling-Yen Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Euro-Yen 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.
'Sterling-Yen Spread Betting' by DB, updated 16-May-13
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