Gold vs Yen - XAU JPY Trading

Gold vs Yen Investing

Type:

PCI

Instrument : &XAUJPY

Status: Closed Trading
Change:
Prev. closing
Open price
Today, max.
Today, min.

Gold JPY Description

The personal composite instrument called «&XAUJPY» reflects the price dynamics of Gold vs Yen. The base part of the instrument contains 1 ounce of Gold, the quoted part – 100 Japanese yen. The asset percentage content of the instrument is calculated based on the asset price quotations as on the instrument creation date.

The trading instrument &XAUJPY is used for the analysis and trade of Gold quoted against one of the major Asian currencies – the Japanese yen. The turnover of precious metals, especially Gold, historically plays an important role in the economies of Asian countries.

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Use these instruments for analysis and trading
Available exclusively in IFC Markets

Structure

Parameters

Trading hours

Application field

Structure

PCI Components and their volume
Swipe table
&XAUJPYAssetVolume / 1 PCIPercentageVolume (USD) / 1 PCIUnit of measurеment
Base part1XAU1.00001.2201224.8400oz
Quoted part1JPY100.0000.92000.9200JPY

Parameters

PCI main trading conditions
Swipe table
The volume to calculate Swap and 1 pip value
100
The size of 1 pip
0.01
Margin in USD for the volume and leverage of 1:100
1338.63 USD
Creation date
2014-09-18
StandardBeginnerDemo
Fixed spread, pip 717171
Floating Spread, pip 717171
Order distance, pip ---
Swap (long/short) in pips on Vol -9.239 / -12.330-9.239 / -12.330-9.239 / -12.330
Available
volumes
>=10.00 1.00 – 68.86 >=1.00
The value of 1 pip in USD for the Vol 000

Trading hours

PCI active trading hours
Week dayTrading hours (CET)Local trading hours
Monday 00:00 — 22:15, 23:00 — 24:0000:00 — 22:15, 23:00 — 24:00
Tuesday00:00 — 22:15, 23:00 — 24:0000:00 — 22:15, 23:00 — 24:00
Wednesday00:00 — 22:15, 23:00 — 24:0000:00 — 22:15, 23:00 — 24:00
Thursday00:00 — 22:15, 23:00 — 24:0000:00 — 22:15, 23:00 — 24:00
Friday00:00 — 22:0000:00 — 22:00

Application field

How can PCI be applied in trading?

The personal composite trading instrument &XAUJPY is used for trade and dynamics analysis of Gold vs the Japanese yen, as well as comparative analysis with another popular instrument – XAUUSD. For example, by building a percentage chart in the NetTradeX terminal for the two instruments &XAUJPY and XAUUSD (Рict. 1), it is evident that two periods stand out in the last five years: from 2010 to 2012, Gold exhibited almost identical dynamics against both JPY and USD; from 2013-2014, Gold exhibited significantly smaller fall dynamics against JPY compared with the fall against the USD.

Gold vs Yen

Traders, whose main assets and investments are denominated in Japanese yen, will be comfortable trading this PCI.

Limit volumes (USD) for base and quoted parts = 100000.00 ; 100.00.

To trade PCI instruments offered exclusively by IFC Markets, you need to open a free account and download the NetTradeX platform.

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