Spread Betting on USD / JPY

Where to Spread Bet on USD / JPY

Forex
EUR/USD (spread size)	1	0.8	1	1	1	2	1
GBP/USD (spread size)	2	0.8	2	2	2	3	2
Forex (min stake)	£1	£1	£0.50	£1	£0.50	£0.50	£1
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Spread Betting on USD / JPY

The Market	USD / JPY Rolling Daily
The Spread	¥77.655 - ¥77.665
How This Works	You can trade on the USD / JPY Rolling Daily market to move:   Higher than ¥77.665, or   Lower than ¥77.655 This spread betting market is a 'Rolling Daily' market and so there is no closing date for this trade. If you haven't closed your trade and the trading session ends then your position will automatically roll over to the next trading day. Note: if a trade is rolled over then you will either pay or receive a small fee for overnight financing based on whether you are speculating on the market to increase or decrease. For further details see Rolling Daily Spread Betting.
Trading Units	Spread bets on the USD / JPY market are priced in £x per point. Where a point is ¥0.010 of the currency pair's price movement. E.g. if USD / JPY changes by ¥0.350 then you would win / lose 35 times your stake.
Stake per Unit	You work out how much you would like to risk per point, e.g. £1 per point, £2 per point, £4 per point, £10 per point etc.
Simplified Trading Exercise	With that in mind, if you have a stake of £5 per point and USD / JPY moves by ¥0.340 (34 points), you would win / lose £5 per point x 34 points = £170.

Fully Worked Spread Betting Example | Taking a Long Position on USD / JPY

You Now Select Whether to Buy or Sell	USD / JPY to push:   Higher than ¥77.665? or   Lower than ¥77.655?
Let’s Assume You Want to Go Long	Higher than ¥77.665
You Select Your Stake Size, Selecting	£2 per point
So Now What?	You make a profit of £2 for every point (¥0.010) USD / JPY goes above ¥77.665 You make a loss of £2 for each point (¥0.010) USD / JPY goes below ¥77.665
When Spread Betting on a Market to Go Up Your Profits/Losses =	(Settlement Price - Opening Price) x stake per point
Trading Example 1	USD / JPY rises and the spread trading market is revised and moved to ¥78.092 - ¥78.102.
Time to Take a Profit?	You could opt to let your position run or close it to lock in your profit. In this instance you decide to close your trade and sell at ¥78.092.
Your Profits/Losses =	(Settlement Price - Opening Price) x stake per point
	(¥78.092 - ¥77.665) x £2 per point (£2 per ¥0.010)
	¥0.427 x £2 per point
	42.7 points x £2 per point
Your Profits/Losses =	£85.40 profit
Trading Example 2	USD / JPY decreases and the spread betting market changes to ¥77.160 - ¥77.170.
Time to Restrict the Loss?	At this point, you could decide to leave your spread bet open or close it, i.e. close your position and limit your loss. In this instance you choose to close your trade by selling at ¥77.160.
Your Profits/Losses =	(Settlement Price - Opening Price) x stake per point
	(¥77.160 - ¥77.665) x £2 per point (£2 per ¥0.010)
	-¥0.505 x £2 per point
	-50.5 points x £2 per point
Your Profits/Losses =	-£101.00 loss

Worked Trading Example | Going Short of USD / JPY

You Work Out Whether to Buy or Sell	USD / JPY to go:   Higher than ¥77.665? or   Lower than ¥77.655?
Let's Assume You Go Short	Lower than ¥77.655
You Choose Your Stake, Let's Assume You Opt For	£4 per point
What Happens Now?	You make a loss of £4 for each point (¥0.010) USD / JPY increases above ¥77.655 You make a profit of £4 for each point (¥0.010) USD / JPY decreases below ¥77.655
When Selling a Market Your Profits/Losses =	(Opening Price - Settlement Price) x stake per point
Trading Example 3	USD / JPY slips and the forex spread trading market is moved to ¥77.367 - ¥77.377.
Time to Lock in a Profit?	You can choose to leave your bet open or close it to take a profit. In this case you decide to close your bet and buy the market at ¥77.377.
Your Profits/Losses =	(Opening Price - Settlement Price) x stake per point
	(¥77.655 - ¥77.377) x £4 per point (£4 per ¥0.010)
	¥0.278 x £4 per point
	27.8 points x £4 per point
Your Profits/Losses =	£111.20 profit
Trading Example 4	USD / JPY climbs and the market becomes ¥77.973 - ¥77.983.
Time to Restrict Your Loss?	At this point, you can decide to keep your bet open or close it, i.e. close your position to restrict your loss. In this case you choose to close your bet by buying at ¥77.983.
Your Profits/Losses =	(Opening Price - Settlement Price) x stake per point
	(¥77.655 - ¥77.983) x £4 per point (£4 per ¥0.010)
	-¥0.328 x £4 per point
	-32.8 points x £4 per point
Your Profits/Losses =	-£131.20 loss

USD / JPY Notes:

• Spread betting market taken from CapitalSpreads as of 10 November 2011
  
  
• Many spread betting firms also allow you to speculate on USD / JPY in euros per point and US dollars per point
  
  
• In addition, spread trading also lets you speculate on the movement of a wide range of other assets. For additional information also read:
  
  
  • Spread Trading on Indices
  • Spread Betting on Foreign Exchange Pairs
  • Financial Spread Betting on Equities

Demo Accounts for Spread Betting on USD / JPY

Spread Betting
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Spread Betting on Forex