Saxo Bank Japan cuts spreads on seven popular currency pairs
Saxo Bank Securities Co., Ltd., the Japanese subsidiary of multi-asset investment specialist Saxo Bank, has reduced the spreads on several popular FX pairs.
The change, which applies to seven currency pairs, makes it possible to conduct transactions with lower costs than before.
- USD/JPY (US dollar/yen): 0.2 pips
- EUR/JPY (Euro/yen): 0.5 pips
- AUD/JPY (Australian dollar/yen): 0.7 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
Target time period:
- Eastern Daylight Time: 8:00 a.m. Japan time to 4:00 a.m. the following day
- Eastern Standard Time: 9:00 a.m. Japan time to 5:00 a.m. the next day
During the target time period, the spreads on the above-mentioned Forex pairs are fixed. The spreads during trading hours other than those listed above are generally not fixed.
