Saxo Bank Securities Co., Ltd., Saxo Bank’s Japanese subsidiary specializing in multi-asset investments, has reduced spreads on several popular currency pairs.
The change, which applies to seven currency pairs, makes it possible to trade at a lower cost than before.
- USD/JPY: 0.2 pips
- EUR/JPY: 0.5 pips
- AUD/JPY (Australian dollar/yen): 0.7 pips
- GBP/JPY (British pound/yen): 1.2 pips
- EUR/USD: 0.4 pips
- AUD/USD (Australian dollar/US dollar): 0.6 pips
- GBP/USD (British pound/US dollar): 0.9 pips
Target time period:
- Eastern Daylight Time: 8:00 a.m. Japan time until 4:00 a.m. The next day
- Eastern Standard Time: 9:00 AM to 5:00 a.m. Japan time The next day
During the target time period, the spreads on the aforementioned Forex pairs are stable. Spreads during trading hours other than those listed above are generally not fixed.