Silver vs Japanese Yen - XAG JPY Trading

Silver vs Japanese Yen Investing

Type:

PCI

Instrument : &XAGJPY

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

Silver vs Yen 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.

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Created by professionals for professionals
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
&XAGJPYAssetVolume / 1 PCIPercentageVolume (USD) / 1 PCIUnit of measurеment
Base part1XAG1.00000.02016.6000oz
Quoted part1JPY100.0000.00000.8300JPY

Parameters

PCI main trading conditions
Swipe table
The volume to calculate Swap and 1 pip value
100
The size of 1 pip
0.0001
Margin in USD for the volume and leverage of 1:100
16.57 USD
Creation date
2015-01-04
StandardBeginnerDemo
Fixed spread, pip 571571571
Floating Spread, pip 571571571
Order distance, pip ---
Swap (long/short) in pips on Vol -0.147 / -0.109-0.147 / -0.109-0.147 / -0.109
Available
volumes
>=602.03 6.02 – 5000.00 >=6.02
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 — 24:0000:00 — 24:00
Tuesday00:00 — 24:0000:00 — 24:00
Wednesday00:00 — 24:0000:00 — 24:00
Thursday00:00 — 24:0000:00 — 24:00
Friday00:00 — 22:0000:00 — 22:00

Application field

How can PCI be applied in trading?

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.

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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