Trading time (UK time) 10:00 PM Sunday - 10:00 PM Friday
* Only if Margin Level > 100%
** Abnormal market conditions refer to Section 10.5 in Order Execution Policy of TNXTrade Financial Services Ltd, in point 11.5 in Order Execution Policy of TNXTrade UK Limited and in point 9.6 in Order Execution Policy of TNXTrade Global Markets Ltd.
The spreads provided are a reflection of the time-weighted average from 09:00AM - 21:00 PM (GMT) for the period of 01/8/2019 – 25/8/2019. Though TNXTrade attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
Fixed spreads shall only apply for ‘Instant Orders;’ all other order types shall be subject to the Order Execution Policy.
The above spreads are applicable under normal forex trading conditions. TNXTrade has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions of Business'.
The EUR/JPY is widely considered to be a safe haven trade and it’s becoming increasingly popular among investors. The currency pair is associated with strong movements and although often compared to the EUR/GBP pair, it typically moves almost twice as much in terms of pips. In recent times, the Japanese Yen has been on the rise, and this appreciation is expected to continue in the foreseeable future. The peculiar nature of this pair makes it best suited to trend traders.
This currency pair is an excellent gauge of the Japanese economy against the European one. When news comes out, the prevailing prospects of each country are reflected on its movement, as a rule.
Keep in mind that Japan is very dependent on oil exports, so a jump in Brent prices may cause a noticeable drop in the yen. In general, EUR/JPY is well suited for long and medium-term trading. Its average daily range is 112 points.
If you are interested in trading the EUR/JPY currency pair, contact TNXTrade today.
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