NZD/JPY Spread Betting

The CleanFinancial guide to NZD/JPY spread betting.

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

Live NZD/JPY Chart & Prices

The interactive CFD chart below provides users with a handy overview of the NZD/JPY FX market.


The above chart from Plus 500 usually shows the NZD/JPY futures market.

Should you want to study spread trading charts and prices for NZD/JPY, you will normally require a financial spread betting account.

This would also let you access short-term daily prices. Readers should note that opening an account is normally dependent on status, suitability and credit checks.

Should your account application be approved, you will be able to log on and review the real time trading prices and charts. On most platforms, these will be provided as part of the service, however, you are likely to get an occasional sales email and/or letter from the online spread betting firm.

If you want to trade then you should note that spread betting and CFDs involve a high level of risk to your funds and you can lose more than your initial deposit.

Where Can I Spread Bet on NZD/JPY?

Currently, you can trade without paying any commissions or brokers’ fees on NZD/JPY, as well as a variety of similar financial markets, with providers like:

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

NZD/JPY Market Analysis and Trading News

» More forex trading views and analysis.


Example FinancialSpreads FX market candle chart



The following spread betting firms offer users real-time trading prices and 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 NZD/JPY for Free?

Speculating is never risk free, but if you would like to open a completely free Test Account, where you can trial spread trading, then please see below for further details.

Also, don’t forget that, in the UK, spread trading is exempt from stamp duty, income tax and capital gains tax*.

Assuming you want a free spread trading platform then you should note that you are able to take a view on NZD/JPY without paying any commissions with:

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

Free Demo Account

If you are interested in a completely free Demo Account to get a better feel for financial spread betting on markets such as NZD/JPY, then have a closer look at:

• Financial Spreads
• Inter Trader

Each of the firms listed above provide a free Practice Account that investors can use to check charts, test ideas and gain experience with a range of trading orders, like stop losses and trailing stops.

How to Spread Bet on NZD/JPY?

As with many global financial markets, it is possible to speculate on foreign exchange pairs, such as NZD/JPY, to go up or down.

Looking at a spread betting site like InterTrader, we can see that they are currently showing the NZD/JPY Rolling Daily market at ¥63.612 – ¥63.672. Therefore, you could spread bet on the NZD/JPY pair:

  Increasing higher than ¥63.672, or
  Decreasing lower than ¥63.612

Whilst spread betting on NZD/JPY you trade in £x per point where a point is ¥0.010 of the pairs movement. Therefore, should you choose to risk £2 per point and NZD/JPY moves 33.0 points then that would alter your bottom line by £66. £2 per point x ¥0.330 = £2 per point x 33.0 points = £66.

Rolling Daily Forex Markets

You should note that this is a ‘Rolling Daily Market’, therefore unlike a normal futures market, there is no settlement date. You do not have to close your trade, should it still be open at the end of the trading day, it just rolls over to the next trading session.

Should your forex position roll over then you will be charged a small overnight financing fee. For a worked example please see Rolling Daily Spread Betting.

NZD/JPY Trading Example 1

Now, if we consider the spread of ¥63.612 – ¥63.672 and assume that:

• You’ve done your research, and
• Your research leads you to think the NZD/JPY rate will rise above ¥63.672

Then you might decide that you want to buy at ¥63.672 for a stake of £2 per point.

So, you make a profit of £2 for every point (¥0.010) that the NZD/JPY rate moves higher than ¥63.672. Conversely, however, you will lose £2 for every point that the NZD/JPY market goes lower than ¥63.672.

Thinking of this in a slightly different way, if you ‘Buy’ a spread bet then your P&L is calculated by taking the difference between the final price of the market and the price you bought the market at. You then multiply that price difference by the stake.

Therefore, if after a few hours the rate rose then you might consider closing your position so that you can lock in your profit.

As an example, if the market increased then the spread, set by the spread betting company, might move up to ¥64.213 – ¥64.273. You would close/settle your spread bet by selling at ¥64.213. Therefore, with the same £2 stake your profit would come to:

Profit = (Closing Level – Opening Level) x stake
Profit = (¥64.213 – ¥63.672) x £2 per point stake
Profit = ¥0.541 x £2 per point stake
Profit = 54.1 points x £2 per point stake
Profit = £108.20 profit

Trading forex, whether by spread trading or otherwise, is not simple. With the above, you had bet that the FX pair would rise. However, the currency rate might go down.

If the NZD/JPY market decreased, contrary to your expectations, then you could choose to close your spread bet to limit your losses.

So if the spread pulled back to ¥63.067 – ¥63.127 you would sell back your position at ¥63.067. This would result in a loss of:

Loss = (Closing Level – Opening Level) x stake
Loss = (¥63.067 – ¥63.672) x £2 per point stake
Loss = -¥0.605 x £2 per point stake
Loss = -60.5 points x £2 per point stake
Loss = -£121.00 loss

Note: NZD/JPY Rolling Daily spread accurate as of 11-Sep-12.

How to Spread Bet on New Zealand Dollar – Yen – Example 2

Looking at FXCM, you can see they are currently offering the New Zealand Dollar – Yen Rolling Daily market at ¥65.058 – ¥65.118. This means an investor can spread trade on the New Zealand Dollar – Yen rate:

  Increasing higher than ¥65.118, or
  Decreasing lower than ¥65.058

When financial spread trading on New Zealand Dollar – Yen you trade in £x per point where a point is ¥0.010 of the pairs movement. So, should you choose to invest £5 per point and New Zealand Dollar – Yen moves 21.0 points then that would alter your profits (or losses) by £105. £5 per point x ¥0.210 = £5 per point x 21.0 points = £105.

So, if you consider the spread of ¥65.058 – ¥65.118 and assume that:

• You have completed your analysis of the currency markets, and
• Your research leads you to think the New Zealand Dollar – Yen rate will move above ¥65.118

Then you may choose to buy at ¥65.118 and invest, for example, £2 per point.

With such a spread bet you win £2 for every point (¥0.010) that the New Zealand Dollar – Yen pair pushes higher than ¥65.118. Having said that, such a bet also means that you will lose £2 for every point that the New Zealand Dollar – Yen market falls below ¥65.118.

Looking at this from another angle, if you ‘Buy’ a spread bet then your P&L is found by taking the difference between the final price of the market and the initial price you bought the spread at. You then multiply that price difference by the stake.

If after a few trading sessions the FX rate rose then you might consider closing your position and therefore lock in your profits.

Therefore, if the market moved up then the spread, set by the spread betting company, might move up to ¥65.769 – ¥65.829. You would settle/close your trade by selling at ¥65.769. Accordingly, with the same £2 stake:

P&L = (Closing Price – Initial Price) x stake
P&L = (¥65.769 – ¥65.118) x £2 per point stake
P&L = ¥0.651 x £2 per point stake
P&L = 65.1 points x £2 per point stake
P&L = £130.20 profit

Trading currencies, whether by spread betting or otherwise, can go against you. In this case, you wanted the forex pair to go up. Nevertheless, the forex rate could decrease.

If the New Zealand Dollar – Yen market had fallen then you might choose to close your position in order to restrict your losses.

So if the spread dropped to ¥64.548 – ¥64.608 then you would close your trade by selling at ¥64.548. If so, this would result in a loss of:

P&L = (Closing Price – Initial Price) x stake
P&L = (¥64.548 – ¥65.118) x £2 per point stake
P&L = -¥0.570 x £2 per point stake
P&L = -57.0 points x £2 per point stake
P&L = -£114.00 loss

Note: New Zealand Dollar – Yen Rolling Daily currency market taken as of 18-Sep-12.