Saxo Bank Securities Co., Ltd., the Japanese subsidiary of multi-asset investment specialist Saxo Bank, today issued a notice regarding trading conditions.
The broker explains that the foreign exchange market has recently experienced significant fluctuations, and that the market turmoil has not yet subsided, making it difficult to predict the future. In these circumstances, Saxo Japan has decided to change the period for which fixed spreads are offered in for five FX currency pairs. The aim is to provide Saxo customers with more stable spreads and a comfortable trading environment.
The change will affect the following pairs:
- USD/JPY (US dollar/yen): 0.2 pips
- GBP/JPY (British pound/yen): 1.2 pips
- EUR/USD (Euro/US dollar): 0.4 pips
- AUD/USD (Australian dollar/US dollar): 0.6 pips
- GBP/USD (British pound/US dollar): 0.9 pips
Before the change
(EST) 8:00 Japan time to 4:59 the next day
(EDT) 9:00 Japan time to 5:59 the next day
After the change
8:00 Japan time to 3:59 the next day
The new fixed spread trading conditions will be applied from Tuesday, September 3, 2024.
Let’s recall that Saxo Japan has recently suspended the fixed spreads on the AUD/JPY currency pair.
