Comments on: GBP/JPY: Short-term trade idea https://fxww.com/gbpjpy-short-term-trade-idea/ The Professional Source Thu, 06 Dec 2012 01:57:08 +0000 hourly 1 By: fxgai https://fxww.com/gbpjpy-short-term-trade-idea/#comment-10926 Thu, 06 Dec 2012 01:57:08 +0000 http://fxww.dreamhosters.com/?p=3480#comment-10926 Yes. There was a fear that the leverage restrictions put in place in Japan would eventually force spreads to widen as volumes decreased, but although I hear there has been some consolidation amongst the brokers (not any that I use so far as I know), the recent trend has still been towards ever decreasing spreads. Unfortunately it looks like the US has got the regulations completely wrong and is damaging the market there rather than aiding it…

]]> By: Sean Lee https://fxww.com/gbpjpy-short-term-trade-idea/#comment-10923 Thu, 06 Dec 2012 01:42:22 +0000 http://fxww.dreamhosters.com/?p=3480#comment-10923 Showing my age here, but back in Frankfurt in late 1980’s we started up a direct interbank market in GBP/JPY. It was between 10/15 pips in GBP10 mio and that seemed at the time to be a tight spread! Of course volatility was much higher and cable couild often travel 500 pips in a session (up and down and around) but I still am amazed that these brokers can sustain such tight pricing. All good for the consumer I suppose

]]> By: fxgai https://fxww.com/gbpjpy-short-term-trade-idea/#comment-10918 Thu, 06 Dec 2012 01:36:22 +0000 http://fxww.dreamhosters.com/?p=3480#comment-10918 Personally my trading with Hirose over the past couple of years has resulted in some tidy profits, and they seem popular here.

To make money they must be doing good volume – maybe this is possible in Japan given the size of the retail market?

I think I read somewhere that the top Japanese broker alone has around 3 times the number of accounts as the entire US retail market. (I guess Americans prefer stocks to forex, and vice versa with the Japanese after their big stock bubble popped?)

Of course their UK operation might be running in the red, I’m not sure about that…

]]> By: Sean Lee https://fxww.com/gbpjpy-short-term-trade-idea/#comment-10916 Thu, 06 Dec 2012 01:25:23 +0000 http://fxww.dreamhosters.com/?p=3480#comment-10916 They are absolutely ridiculous spreads and there’s no way these guys can make money on that imho. Are they presuming that most of their accounts will eventually blow up anyway so its a matter of giving them any spread they feel like?? I guess that’s the cynic in me coming to the fore

]]> By: fxgai https://fxww.com/gbpjpy-short-term-trade-idea/#comment-10911 Thu, 06 Dec 2012 00:42:42 +0000 http://fxww.dreamhosters.com/?p=3480#comment-10911 I have a spread of 1.4 pips for GBP/JPY on one of my Japanese accounts (a Hirose platform). I think the spread is basically fixed, although it might widen out at times.

Hirose is my favourite Japanese broker actually, they have won some customer awards here, and they have an outfit in the UK now too.
http://hiroseuk.com/

Looks like they have 1.7 pips spread there:
http://hiroseuk.com/trade/trading_terms/rates_conditions.php

I can’t open an account with them in the UK because I’m domiciled in Japan, but for the rest of you who might be interested in an account with a Japanese broker that has been doing well in the competitive Japanese market it could be worth a look.

]]> By: Papillon https://fxww.com/gbpjpy-short-term-trade-idea/#comment-10875 Wed, 05 Dec 2012 17:06:30 +0000 http://fxww.dreamhosters.com/?p=3480#comment-10875 In reply to Papillon.

> Next batch of offers for USD/JPY : 82.50/82.60

]]> By: Papillon https://fxww.com/gbpjpy-short-term-trade-idea/#comment-10866 Wed, 05 Dec 2012 16:04:39 +0000 http://fxww.dreamhosters.com/?p=3480#comment-10866 In reply to Papillon.

> Still true for today, USD/JPY dips buyer mode 😉

]]> By: Jones https://fxww.com/gbpjpy-short-term-trade-idea/#comment-10803 Wed, 05 Dec 2012 11:11:44 +0000 http://fxww.dreamhosters.com/?p=3480#comment-10803 Right now I’m getting between 2.2 to 2.9.

]]> By: Papillon https://fxww.com/gbpjpy-short-term-trade-idea/#comment-10794 Wed, 05 Dec 2012 10:57:22 +0000 http://fxww.dreamhosters.com/?p=3480#comment-10794 For this afternoon and for the cable traders :

http://blogs.ft.com/westminster/2012/12/live-osbornes-autumn-statement/

]]> By: Sean Lee https://fxww.com/gbpjpy-short-term-trade-idea/#comment-10764 Wed, 05 Dec 2012 09:24:57 +0000 http://fxww.dreamhosters.com/?p=3480#comment-10764 Can’t really complain about that, I can remember the time when it was between 10/15 pips in interbank mkt but now seeing 2.5/3 pips on interbank platforms; if you are getting only 1 pip wider on retail platform then that’s pretty good imho

]]> By: Papillon https://fxww.com/gbpjpy-short-term-trade-idea/#comment-10763 Wed, 05 Dec 2012 09:22:26 +0000 http://fxww.dreamhosters.com/?p=3480#comment-10763 Currently 4 pips

]]> By: Sean Lee https://fxww.com/gbpjpy-short-term-trade-idea/#comment-10757 Wed, 05 Dec 2012 09:05:59 +0000 http://fxww.dreamhosters.com/?p=3480#comment-10757 How wide are the spreads on your platform in GBP/JPY? That’s always been one of the big issues with trading this cross

]]> By: Papillon https://fxww.com/gbpjpy-short-term-trade-idea/#comment-10752 Wed, 05 Dec 2012 08:56:58 +0000 http://fxww.dreamhosters.com/?p=3480#comment-10752 Haha, i monitor closely this pair since one week ;-), but i am cautious with USD/JPY (dips buyer).

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