OANDA Japan to change margin rate for USD/JPY
OANDA Securities, the Japanese subsidiary of online broker OANDA Corporation, announces changes to the margin rate for USD/JPY.
From the start of trading on January 30, 2023, for corporate accounts on the Tokyo server and NY server, the margin rate for USD/JPY will be increased to 2.2%. The former margin requirement was 2%.
The brokerage warns customers who hold positions in the relevant currency pairs that if they continue to hold such positions after the market closes on January 27, 2023, a loss cut may occur due to the change in the margin rate.
Traders are advised to reduce their position in advance or make sure that they have enough funds in their account.
In December 2022, OANDA Japan changed the margin requirements for NZD/USD and AUD/USD. From the start of trading on December 19, 2022, for corporate accounts on the Tokyo server and NY server, the margin rate for these pairs was increased to 3% (formerly 2%).