A picture-perfect pair for carry trading. The Bank of Japan historically keeps yen low. GBPJPY is not that simple when it comes to day trading though—its rate fluctuations may be vast and quick. On the one hand, it provides high speculative opportunities, on the other hand, it is a very risky cross-pair that is hard to master for inexperienced traders.
Spreads and conditions
- Minimum spread
- 1.4
- Average spread
- 1.4
- Swap short (pips)
- -4.30
- Swap long (pips)
- -0.10
- Contract size
- 100 000 GBP
- Pip price (USD/LOT)
- 9.39
- Islamic acc fee (short)
- -4.30
- Islamic acc fee (long)
- -0.10