GBP/JPY

151.782
2.51%
Daily
  • L. 148.792
  • H. 155.635
  • Ch. -3.803
  • Ch.% -2.51%
Overview
Costs & Margins
  • Pound versus Yen or JPY, the British Pound (GBP) versus the Japanese Yen (JPY), sometimes known as the Geppy, Beast or Dragon, is a highly volatile pair. The pair is described as a ‘cross’ because the US dollar is not used when calculating the exchange rate. Historically regarded as a low yielding currency, the JPY is often used as a funding currency. This is a strongly trending pair – a move of 1,000 pips is not unusual - and highly sensitive to risk on or risk off sentiment. As the Japanese yen is considered to be a major safety currency, this pair tends to drop when people get nervous about the near future.
  • Margin From
    3.33 %
  • Trading Hours
    24 hours / day *
  • Min Trade Size
    1000
  • Long
    0.53
  • Short
    -1.0
  • Min Stop Distance
    0.027 points
  • Guaranteed Order Minimum
    75.0 points
  • Spreads
  • Spreads From
    0.023 Points
  • Margins
  • 0 - 16000 000
    3.33 %
  • 16000 000 +
    20.0 %
  • Dealing
  • Spreads
    0.023 Points
  • Guaranteed Order Min Distance
    75.0 points
  • Margins
  • 0 - 16000 000
    3.33 %
  • 16000 000 +
    20.0 %


Economic Calendar

Forex explained

What are the symbols for spot gold and silver?

Currently we offer spot gold as XAU/USD and the symbol for spot silver is XAG/USD.

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What are the trading hours for spot gold and silver?

Spot gold and silver, which is unleveraged, trading is available 23 hours a day from 6pm ET Sunday through 5pm ET Friday. Trading is closed from 5pm to 6pm ET daily; however, you may place new working orders or edit and cancel existing working orders during that time. Spot gold and silver trading also follows CME holiday closures.

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How is margin calculated for spot gold and silver?

Normal margin on spot metals is 1:1, or 100% of the contract value.

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