Sterling-Yen Spread Betting
Indicative Sterling-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 Sterling-Yen? |
You can currently financial spread bet on Sterling-Yen through an account with any of the following spread betting firms:
Advert:
Sterling - Yen Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Sterling-Yen with
Financial Spreads.
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Where Can I Spread Bet on Sterling-Yen for Free? |
Investing in the markets always involves risk. Having said that, if you would like to try a Test Account, that allows you to try financial spread betting and access professional level charts, please see below.
When thinking about which trading option might work for you, also remember that spread betting, in the UK, is currently tax free*, i.e. there is no stamp duty, capital gains tax or income tax.
If you're looking for a low cost spread betting platform then you should note that investors are able to trade Sterling-Yen commission free with providers such as:
If you are interested in a completely free Practice Account / Test Account that lets users get a better feel for financial spread betting, including markets like Sterling-Yen, then look at:
All of the above spread trading companies provide a Test Account that lets users apply a host of trading orders, analyse charts and test trading theories.
Where Can I Find Live Spread Betting Prices and Charts for Sterling-Yen? |
Please see above for indicative Sterling-Yen prices (daily market).
The live FX futures chart below should also give you a valuable guide to the Sterling-Yen pair.
The above CFD chart is from Plus 500 and usually follows the Sterling-Yen futures price.
To access spread betting prices and live charts for Sterling-Yen, you will normally require a spread trading account.
This would also let you trade the popular daily/spot markets. Please note that all accounts are normally dependent on status, credit and suitability checks.
If your new account is approved then, after logging in, you will be able to make use of the live charts and the current prices. On most platforms, these are provided for free, however, the catch is that you'll probably get the odd email or letter from the online spread betting company.
Of course, if you were to trade then, before you start, you should be aware that CFD trading and financial spread betting do involve a significant level of risk to your capital and you may lose more than your initial deposit.
Professional Charting Packages for Sterling-Yen |
Whilst the specific charting packages tend to differ between platforms, in order to help your analysis, the charts often come with tools and features that include:
- Many different time periods e.g. 5 minutes, 30 minutes, 1 day etc
- A variety of displays e.g. candle charts and line charts
- Drawing tools and options e.g. Fibonacci Time Zones, Fans and Arcs
The charts with Tradefair Spreads also come with other benefits like:
- Useful chart overlays e.g. EMAs, MAs, Ichimoku Cloud, Parabolic SAR etc
- Secondary charts e.g. Money Flow, Historical Volatility, Momentum, % Price Oscillator etc
- Back Testing, Customisable Indicators and Analysis tools
- Custom alerts when your chosen market reaches a particular level
Sample FinancialSpreads.com FX rate candlestick chart
The spread trading companies in the list below give users access to real time charts/prices:
How to Spread Bet on Sterling-Yen? |
As with a wide range of markets, an investor can spread bet on forex rates, like Sterling-Yen, to rise or fall.
Looking at a spread betting website like Financial Spreads, you can see that they are currently pricing the Sterling-Yen Rolling Daily market at ¥127.788 - ¥127.818. Therefore, you can spread bet on the Sterling-Yen pair:
 Moving above ¥127.818, or
 Moving below ¥127.788
Whilst spread trading on Sterling-Yen you trade in £x per point where a point is ¥0.010 of the pairs movement. So, if you choose to have a stake of £3 per point and Sterling-Yen moves 24.0 points then that would alter your bottom line by £72. £3 per point x ¥0.240 = £3 per point x 24.0 points = £72.
Rolling Daily Foreign Exchange Markets
Note that this is a Rolling Daily Market and therefore there is no closing date for this market. You do not have to close your trade, should it still be open at the end of the trading day, it simply keeps rolling over into the next day.
Should your FX bet roll over then you are usually charged a small overnight financing fee. You can find more on Rolling Daily Markets, as well as a fully worked example, in our feature Rolling Daily Spread Betting.
Sterling-Yen Rolling Daily - Forex Spread Betting Example |
So, if we consider the spread of ¥127.788 - ¥127.818 and make the assumptions:
- You have analysed the markets, and
- It leads you to feel that the Sterling-Yen rate will rise higher than ¥127.818
Then you might choose to buy a spread bet at ¥127.818 for a stake of, for the sake of argument, £4 per point.
So, you gain £4 for every point (¥0.010) that the Sterling-Yen rate rises above ¥127.818. Nevertheless, such a bet also means that you will make a loss of £4 for every point that the Sterling-Yen market goes lower than ¥127.818.
Looked at another way, should 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 market at. You then multiply that price difference by the stake.
With this in mind, if after a few days the currency rate rose then you might want to close your position and therefore lock in your profits.
As an example, should the market rise, the spread, set by the spread betting company, might move up to ¥128.125 - ¥128.155. You would close your position by selling at ¥128.125. As a result, with the same £4 stake:
P&L = (Final Level - Initial Level) x stake
P&L = (¥128.125 - ¥127.818) x £4 per point stake
P&L = ¥0.307 x £4 per point stake
P&L = 30.7 points x £4 per point stake
P&L = £122.80 profit
Speculating on the British Pound-Japanese Yen market is rarely straight forward. In this case, you wanted the forex rate to go up. Naturally, the FX rate might go down.
If this Pound-Yen market weakened, against your expectations, then you might decide to settle/close your trade to limit your losses.
Should the spread drop to ¥127.467 - ¥127.497 you would close your spread bet by selling at ¥127.467. Therefore, you would make a loss of:
P&L = (Final Level - Initial Level) x stake
P&L = (¥127.467 - ¥127.818) x £4 per point stake
P&L = -¥0.351 x £4 per point stake
P&L = -35.1 points x £4 per point stake
P&L = -£140.40 loss
Note - Sterling-Yen Rolling Daily forex market taken as of 18-Sep-12.
Advert:
Sterling - Yen Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Sterling-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 14-Jun-13
For related pages also see:
FX Spread Betting, updated 29-May-13
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