GBP/JPY Spread Betting
Indicative GBP/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 GBP/JPY? |
Investors can take a view on GBP/JPY by opening an account with any of the following spread betting companies:
GBP/ZAR Market Analysis and Trading News
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| 17-May-13 |
[4:00am] GBP/JPY is trading -¥0.11 (-0.07%) lower at ¥155.92.
Update by 
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| 16-May-13 |
[4:00am] GBP/JPY is trading -¥0.29 (-0.19%) lower at ¥155.51.
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 GBP/JPY? |
If you are interested in the daily GBP/JPY spread betting market then we do feature fairly accurate GBP/JPY prices above.
The live CFD chart below will give readers a valuable guide to the GBP/JPY FX market.
The Plus 500 chart above usually shows the near-term GBP/JPY futures market (not the spot price).
If you want to look at up-to-the-minute financial spread betting prices and charts for GBP/JPY, you may require a spread betting account.
In addition, a spreads account will give you access to spot markets. Users should note that opening such an account is subject to suitability and status checks.
Should your new account be accepted then you will be able to log in and view the live charts/prices. On most platforms, these are provided for free. What's the catch? You could get an occasional sales call or email from the spread betting broker.
If you do trade, be aware that financial spread trading and contracts for difference do carry a high degree of risk and can result in losses that exceed your initial investment.
Professional Level Charts for GBP/JPY |
Whilst the charts normally vary across the industry, to aid your analysis, they often come with features and tools that include:
- A host of different time periods such as 2 minutes, 15 minutes, 2 hours etc.
- Different chart types such as candle charts and line charts
- Drawing tools and features such as Trendlines, Fibonacci Arcs, Fans and Time Zones
- Technical indicators and overlays such as Exponential Moving Average, RSI, True Strength Index (TSI) etc.
The charts from Financial Spreads also come with more advanced features:
- BackTesting functions
- Automatic alerts when your chosen market hits a specific level
Sample FinancialSpreads forex rate candle chart
The following online spread betting companies let their clients have access to real time prices/charts:
Advert:
GBP/JPY Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on GBP/JPY with
Financial Spreads.
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Where Can I Spread Bet on GBP/JPY for Free? |
Trading isn't without risk. Having said that, if you want to open a Demo Account, where you can try out financial spread betting, see below for further details.
When thinking about which trading option might work for you, also remember that in the UK, financial spread betting is currently tax free*.
If you want to try a free trading website, keep in mind that investors are able to speculate on GBP/JPY without paying any commissions or brokers' fees through companies like:
If you want an entirely free Test Account / Demo Account which lets users try financial spread betting, and markets such as EUR/GBP, the FTSE 100, USD/JPY and GBP/JPY, then you could look at:
The spread betting firms listed above currently offer a Test Account which lets users try out new trading strategies, apply an array of trading orders and access professional charts, including candlestick and line charts.
How to Spread Bet on GBP/JPY? |
As with a lot of financial markets, investors can speculate on currency pairs, such as GBP/JPY, to rise or fall.
Looking at a spread betting site like InterTrader, you can see they are showing the GBP/JPY Rolling Daily market at ¥125.020 - ¥125.050. As a result, an investor can spread bet on the GBP/JPY rate:
 Rising above ¥125.050, or
 Falling below ¥125.020
When making a spread bet on GBP/JPY you trade in £x per point where a point is ¥0.010 of the pairs movement. Therefore, if you decide to invest £4 per point and GBP/JPY moves 39.0 points then there would be a difference to your bottom line of £156. £4 per point x ¥0.390 = £4 per point x 39.0 points = £156.
Rolling Daily Foreign Exchange Markets
You should note that this is a Rolling Daily Market which means that unlike a normal spread betting futures market, there is no settlement date. As a result, if your trade is still open at the end of the trading day, it just rolls over into the next session.
If you allow your FX bet to roll over then you will usually be charged a small overnight financing fee. For a more detailed example see Rolling Daily Spread Betting.
GBP/JPY Rolling Daily - Forex Spread Betting Example |
If you consider the above spread of ¥125.020 - ¥125.050 and assume:
- you have done your market research, and
- it leads you to feel that the GBP/JPY rate will increase and go above ¥125.050
then you might buy at ¥125.050 and invest, for example, £2 per point.
With such a bet you make a profit of £2 for every point (¥0.010) that the GBP/JPY foreign exchange rate pushes higher than ¥125.050. Of course, such a bet also means that you will make a loss of £2 for every point that the GBP/JPY market goes lower than ¥125.050.
Looked at another way, should you buy a spread bet then your profits (or losses) are 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.
Therefore, if after a few hours the currency rate started to move upwards then you could choose to close your spread bet so that you can lock in your profit.
As an example, if the market increased then the spread, set by the spreads firm, might be adjusted to ¥125.738 - ¥125.768. In order to close your trade you would sell at ¥125.738. As a result, with the same £2 stake you would calculate your profit as:
P&L = (Closing Price - Initial Price) x stake
P&L = (¥125.738 - ¥125.050) x £2 per point stake
P&L = ¥0.688 x £2 per point stake
P&L = 68.8 points x £2 per point stake
P&L = £137.60 profit
Trading FX, by spread trading or otherwise, is not always easy. In the above example, you had bet that the forex pair would increase. Nevertheless, the FX rate might decrease.
If the GBP/JPY market had fallen then you could close your position in order to limit your losses.
If the market fell to ¥124.300 - ¥124.330 you would close your trade by selling at ¥124.300. If so, that would mean you would lose:
P&L = (Closing Price - Initial Price) x stake
P&L = (¥124.300 - ¥125.050) x £2 per point stake
P&L = -¥0.750 x £2 per point stake
P&L = -75.0 points x £2 per point stake
P&L = -£150.00 loss
Note: GBP/JPY Rolling Daily market correct as of 11-Sep-12.
Advert:
GBP/JPY Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on GBP/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.
'GBP/JPY Spread Betting' by DB, updated 17-May-13
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