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Gold vs Yen - XAU JPY Trading
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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.
Use these instruments for analysis and trading
Available exclusively in IFC Markets
Structure
Parameters
Trading hours
Structure
PCI Components and their volume
Swipe table
| &XAUJPY | № | Asset | Volume / 1 PCI | Percentage | Volume (USD) / 1 PCI | Unit of measurеment |
|---|---|---|---|---|---|---|
| Base part | 1 | XAU | 1.0000 | 1.220 | 1224.8400 | oz |
| Quoted part | 1 | JPY | 100.000 | 0.9200 | 0.9200 | JPY |
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
2020-11-23
| Standard | Beginner | Demo | |
|---|---|---|---|
| Fixed spread, pip | |||
| Floating Spread, pip | |||
| Order distance, pip | |||
| Swap (long/short) in pips on Vol | |||
|
Available volumes | |||
| The value of 1 pip in USD for the Vol |
Trading hours
PCI active trading hours
| Week day | Server time (CET) | Local hours |
| Monday | 00:00 — 22:15, 23:00 — 24:00 | 00:00 — 22:15, 23:00 — 24:00 |
| Tuesday | 00:00 — 22:15, 23:00 — 24:00 | 00:00 — 22:15, 23:00 — 24:00 |
| Wednesday | 00:00 — 22:15, 23:00 — 24:00 | 00:00 — 22:15, 23:00 — 24:00 |
| Thursday | 00:00 — 22:15, 23:00 — 24:00 | 00:00 — 22:15, 23:00 — 24:00 |
| Friday | 00:00 — 22:00 | 00:00 — 22:00 |
| Saturday | — | — |
| Sunday | — | — |
How can PCI be applied in trading?
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.
