USD/JPY Spread Betting
Indicative USD/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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A forex comparison table covering USD/JPY and other popular markets:
| EUR / USD Daily - Spread Size |
1 |
1 |
1 |
2 |
0.8 |
1 |
1 |
1 |
| EUR / USD Daily - Min Stake |
£1 |
£0.50 |
£0.50 |
£0.5 |
£1 |
£1 |
£1 |
£1 |
| GBP / USD Daily - Spread Size |
2 |
2 |
2 |
3 |
0.8 |
2 |
2 |
2 |
| GBP / USD Daily - Min Stake |
£1 |
£0.50 |
£0.50 |
£0.5 |
£1 |
£1 |
£1 |
£1 |
| EUR / GBP Daily - Spread Size |
1 |
2 |
2 |
1 |
1 |
1 |
1 |
3 |
| EUR / GBP Daily - Min Stake |
£1 |
£0.50 |
£0.50 |
£0.5 |
£1 |
£1 |
£1 |
£1 |
| USD / JPY Daily - Spread Size |
0.8 |
2 |
1 |
2 |
0.8 |
0.8 |
0.8 |
3 |
| USD / JPY Daily - Min Stake |
£1 |
£0.50 |
£0.50 |
£0.5 |
£1 |
£1 |
£1 |
£1 |
Comparison Notes.
Where Can I Spread Bet on USD/JPY? |
You can trade USD/JPY, as well as a variety of other financial markets, with:
USD/JPY Market Analysis and Trading News
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| 17-May-13 |
[3:34pm] The US dollar has continued to push higher with the US dollar index hitting its highest levels since July 2010.
Currency traders piled into the dollar on perceptions that the Federal Reserve is getting closer to the day when it will look at tapering its bond purchase program.
The yen also continued its decline touching ¥103 for the first time since 2008.
Update by Toby Morris, Senior Sales Trader, 
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| 17-May-13 |
[12:36pm] Recent rallies in non-USD currencies resulting from poor US data have not lasted long and those rallies resulting from strong US figures via the indirect effect of rallying equities (risk-on) have not lasted either.
Broadening pro-USD sentiment may stay for longer than we had thought as the US dollar index has exited from another 9-year down cycle.
The greenback has primarily been boosted by FX spread betting investors’ realisation and relative expectations that the Fed is the central bank most likely to precede its global peers in reducing its asset purchases program.
This would be regardless of whether or not it ends up maintaining or increasing the program altogether.
BoJ and the Yen
The case of the Bank of Japan is well known.
The bank aims to double its monetary base from ¥135 trillion to ¥270 trillion within 2 years and raise the average maturity of Japanese Government Bonds to 7 years from 3 years.
The method of achieving this is via a monthly expansion of its balance sheet to the tune of 1.1% of GDP, compared to 0.5% of GDP by the Fed.
If that were not enough to drag the currency down, BoJ governor Kuroda is immensely experienced with verbally guiding the currency after his 4-year stint at the MoF’s International Affairs division.
Update by Ashraf Laidi, Chief Global Strategist, 
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| 17-May-13 |
[7:23am] US Dollar Index Rises
The dollar index, which measures the dollar's value against a basket of currencies, rose 0.4% to 83.927, nearing a 10-month high of 84.094 set earlier this week.
This comes after US Federal Reserve officials said the central bank may begin to taper its asset buying this summer.
Update by Max Cohen, Trader, 
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| 17-May-13 |
[7:12am] The dollar appears to be trading sideways against the yen, after running out of steam around ¥102.75, a previous level of resistance.
So far, during this huge move higher in the pair, there has been a clear pattern of the pair hitting big resistance levels, before pulling back to either the 50 or 61.8 Fibonacci level.
I am now considering a Fibonacci set from the most obvious recent swing low to Wednesday's swing high.
If we do see a pull back in the pair, which we haven't seen clear signs of yet, I think the most obvious level it will target is the 50 Fibonacci at the ¥100 level, which previously acted as key resistance.
As I mentioned though, we haven't seen signs of a pull back yet. If the pair breaks below the pennant it is currently trading in, then I expect it to pull back to the 50 Fibonacci level.
Update by Craig Erlam, Market Analyst, 
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| 17-May-13 |
[6:35am] USD/JPY Technical Analysis:
The US dollar appears to be finding some resistance at the ¥102.80 area, however, it remains on course for the ¥105.50 area.
This 61.8% retracement of the 124.15/75.30 down move is the next obstacle towards a move towards ¥110.00.
Given we have now broken the ¥100 level any pullbacks are likely to find support at these April highs. Only a fall below ¥99.80 retargets ¥98.50.
Update by Michael Hewson, Senior Market Analyst,
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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.
Advert:
USD/JPY Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on USD/JPY with
Financial Spreads.
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Where Can I Spread Bet on USD/JPY for Free? |
All trading involves a degree of risk. Nevertheless, if you would like to open a free Test Account, where you can access candlestick charts and practice your financial spread betting, see below.
When thinking about which investment option is right for you, also remember that financial spread betting in the UK is currently tax free*, i.e. it is exempt from income tax, capital gains tax and stamp duty.
If you are trying to find a free forex trading site then keep in mind that investors can trade USD/JPY with no commissions and no brokers' fees at:
If you want a free Demo Account where you can practice spread betting, including forex markets such as USD/JPY, then you could always have a look at:
These companies currently provide a Test Account that lets users check charts, test trading ideas and gain experience with trading orders.
Where Can I Find Live Spread Betting Prices and Charts for USD/JPY? |
Please see above for fairly accurate USD/JPY prices (daily spread betting market).
The CFD trading chart below will also give users a valuable guide to the USD/JPY market.
The Plus 500 chart above usually shows the USD/JPY futures price (not the daily market).
If you want to check live spread betting charts and the current prices for USD/JPY, you will normally need a spread trading account.
Also, a spreads account lets you trade on the shorter term spot markets. Note that spreads accounts are subject to credit and status checks.
If your account application is approved then you can log on to study the real time charts/prices. These are normally provided for free. So what's the catch? You are likely to get an occasional boring sales call or dull letter from your spread betting company.
Of course, if you were to trade then you should note that CFD trading and spread betting do carry a high degree of risk to your capital and can result in losses that exceed your initial deposit.
Advanced Charting Packages for USD/JPY |
Even though the forex charts vary across the industry, to help you with your USD/JPY analysis, they usually come with features and tools that include:
- A broad range of intervals e.g. 3 minutes, 30 minutes, 4 hours etc
- Different chart types e.g. candlestick charts and bar charts
- Drawing features e.g. trendlines, Fibonacci arcs, fans and time zones
- Technical indicators e.g. MACD, Momentum Percentage, Stochastic etc
The FinancialSpreads charts also come with more advanced features e.g.:
- Back Testing, Analysis and Optimisation tools
- Custom alerts for when your chosen market reaches a particular price
Example forex chart from FinancialSpreads
The spread betting brokers below provide their account holders with real time prices and charts:
How to Spread Bet on USD/JPY? |
As with a wide variety of financial markets, you can speculate on currency rates, such as USD/JPY, to either increase or decrease.
If we go to Financial Spreads, we can see they have put the USD/JPY Rolling Daily market at ¥77.804 - ¥77.812. As a result, you could spread bet on the USD/JPY currency rate:
 Moving above ¥77.812, or
 Moving below ¥77.804
Whilst placing a spread bet on USD/JPY you trade in £x per point where a point is ¥0.010 of the pairs movement. So, should you decide to invest £4 per point and USD/JPY moves 41.0 points then that would make a difference to your bottom line of £164. £4 per point x ¥0.410 = £4 per point x 41.0 points = £164.
Rolling Daily Forex Markets
You should note that this is a 'Rolling Daily Market', therefore there is no set closing 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 a forex spread bet is rolled over then you will pay a small overnight financing fee. For more details on overnight charges and a fully worked example read Rolling Daily Spread Betting.
USD/JPY Rolling Daily - FX Spread Betting Example |
If you consider the spread of ¥77.804 - ¥77.812 and assume that:
- You have done your analysis of the foreign exchange markets, and
- You feel that the USD/JPY market will push above ¥77.812
Then you may choose to go long of the market at ¥77.812 and risk, let’s say, £2 per point.
So, you make a profit of £2 for every point (¥0.010) that the USD/JPY FX pair pushes higher than ¥77.812. Having said that, you will lose £2 for every point that the USD/JPY market decreases below ¥77.812.
Put another way, if you buy a spread bet then your profits (or losses) are found by taking the difference between the settlement price of the market and the initial price you bought the market at. You then multiply that price difference by the stake.
As a result, if after a few trading sessions the foreign exchange rate started to rise you might decide to close your spread bet so that you can secure your profit.
As an example, should the market rise, the spread might change to ¥78.279 - ¥78.287. You would settle/close your trade by selling at ¥78.279. Accordingly, with the same £2 stake your profit would be:
Profits (or losses) = (Closing Price - Opening Price) x stake
Profits (or losses) = (¥78.279 - ¥77.812) x £2 per point stake
Profits (or losses) = ¥0.467 x £2 per point stake
Profits (or losses) = 46.7 points x £2 per point stake
Profits (or losses) = £93.40 profit
Speculating on currencies, whether by spread betting or otherwise, may not go to plan. In this example, you had bet that the forex pair would increase. Naturally, the forex rate can also fall.
If the USD/JPY rate weakened, against your expectations, then you could choose to close your trade to stop any further losses.
Should the spread fall back to ¥77.267 - ¥77.275 then you would close your trade by selling at ¥77.267. As a result, your loss would be:
Profits (or losses) = (Closing Price - Opening Price) x stake
Profits (or losses) = (¥77.267 - ¥77.812) x £2 per point stake
Profits (or losses) = -¥0.545 x £2 per point stake
Profits (or losses) = -54.5 points x £2 per point stake
Profits (or losses) = -£109.00 loss
Note: USD/JPY Rolling Daily market accurate as of 11-Sep-12.
Advert:
USD/JPY Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on USD/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.
'USD/JPY Spread Betting' by DB, updated 17-May-13
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