Gold vs Yen - XAU JPY Trading
Instrument - &XAUJPY
Type - PCI
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.
Please, choose the section:
PCI Components and their volume
PCI main trading conditions
PCI active trading hours
How can PCI be applied in trading?
|&XAUJPY||№||Asset||Volume / 1 PCI||Percentage||Volume (USD) / 1 PCI||Unit of measurеment|
- 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
- 1338.63 USD
Floating Spread |
|Swap (long/short) in pips on Vol||-11.616 / 1.499||-11.616 / 1.499||-11.616 / 1.499|
|>=10.00||1.00 – 74.95||>=1.00|
|The value of 1 pip in USD for the Vol||0||0||0|
|Week day||Trading hours (CET)||Local trading 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|
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.
Traders, whose main assets and investments are denominated in Japanese yen, will be comfortable trading this PCI.
To trade PCI instruments offered exclusively by IFC Markets, you need to open a free account and download the NetTradeX platform.