Trade Silver vs Yen - &XAGJPY


Status:Closed Trading
Change: during the current or most recent trading day

Description

Personal composite instrument called «&XAGJPY» reflects the price dynamics of silver against the Japanese yen. The base part of this instrument is composed of 1 ounce of silver, and the quoted part – 100 Japanese yen. The asset percentage content of the instrument is estimated based on the asset prices on the PCI creation date.

The trading instrument &XAGJPY is used for the analysis and trade of silver quoted against one of the major Asian currencies - the Japanese yen. The turnover of precious metals, including silver as an asset used for savings accumulation as well as for industrial applications, is important for economies of Asian countries.

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

Please, choose the section:

Structure: PCI Components and their volume
Parameters: PCI main trading conditions
Trading Hours: PCI active trading hours
Application Field: How can PCI be applied in trading?

Structure

Parameters

Trading hours

Application field

&XAGJPYAssetVolume / 1 PCIPercentageVolume (USD) / 1 PCIUnit of measurеment
Base part1XAG1.00000.02016.6000oz
Quoted part1JPY100.0000.00000.8300JPY
  • The volume to calculate Swap and 1 pip value
  • The size of 1 pip
  • Margin in USD for the volume and leverage of 1:100
  • 100
  • 0.0001
  • 0.36 USD

Creation date

2015-01-04
StandardBeginnerDemo
Spread
in pips
542542542
Order distance
in pips
---
Swap (long/short) in pips on Vol -0.111 / -0.134-0.111 / -0.134-0.111 / -0.134
Available
volumes
>=554.77 5.55 – 5000.00 >=5.55
The value of 1 pip in USD for the Vol 0.00880.00880.0088
Week dayTrading hours (CET)Local trading hours
Monday 00:00 — 24:0000:00 — 24:00
Tuesday00:00 — 23:0000:00 — 23:00
Wednesday00:00 — 23:0000:00 — 23:00
Thursday00:00 — 23:0000:00 — 23:00
Friday00:00 — 22:00, 00:00 — 23:0000:00 — 22:00, 00:00 — 23:00

The personal composite trading instrument &XAGJPY is used for trade and dynamics analysis of silver against the Japanese yen, as well as for multi-year comparative analysis with the popular instrument XAGUSD. For example, by building a percentage chart for two instruments &XAGJPY и XAGUSD ( Fig. 1) in the NetTradeX terminal, it is evident that in the last 2-year period (since April 2013) the fluctuation dynamics of silver against the JPY was almost identical to that of silver against the USD, while in the last year the silver against JPY decline in percentage terms was substantially smaller than the decline in silver against the USD.

Silver vs Yen

Fig.1

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 ; 100000.00.
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