WTI Crude vs Japanese Yen - WTI JPY Trading


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WTI-JPY
Status:Closed Trading

Description

The personal composite trading instrument "&WTI/JPY" reflects the price dynamics of Oil against Yen. The base part of this instrument is composed of 1 barrel of crude oil of the West Texas Intermediate grade, and the quoted part – 100 Japanese yen. The oil is represented by a continuous CFD on WTI oil futures (instrument OIL). The asset percentage content of the instrument is estimated on the basis of asset prices on the instrument creation date.

The trading instrument &WTI/JPY is used for the analysis and trade of oil quoted against one of the major Asian currencies - the Japanese yen. Oil plays a very important role in the economies of countries in Asia.

Please, choose the section:

Structure

PCI Components and their volume

Parameters

PCI main trading conditions

Trading hours

PCI active trading hours

Application field

How can PCI be applied in trading?

&WTI/JPYAssetVolume / 1 PCIPercentageVolume (USD) / 1 PCIUnit of measurеment
Base part1OIL1.00009.31093.0500barrels
Quoted part1JPY100.0000.09000.9200JPY
  • The volume to calculate Swap and 1 pip value
  • The size of 1 pip
  • Margin in USD for the volume and leverage of 1:100
  • 1000
  • 0.001
  • 573.50 USD

Creation date

2014-09-29
StandardBeginnerDemo
Spread
in pips
000
Order distance
in pips
---
Swap (long/short) in pips on Vol-11.844 / -14.207-11.844 / -14.207-11.844 / -14.207
Available
volumes
>=206.832.07 – 1000.00>=2.07
The value of 1 pip in USD for the Vol000
Week dayTrading hours (CET)Local trading hours
Monday 01:00 — 23:00, 00:00 — 24:0001:00 — 23:00, 00:00 — 24:00
Tuesday00:00 — 23:00, 00:00 — 24:0000:00 — 23:00, 00:00 — 24:00
Wednesday00:00 — 23:00, 00:00 — 24:0000:00 — 23:00, 00:00 — 24:00
Thursday00:00 — 23:00, 00:00 — 24:0000:00 — 23:00, 00:00 — 24:00
Friday00:00 — 22:0000:00 — 22:00

The personal composite trading instrument &WTI/JPY is used for trade and dynamics analysis of WTI oil vs the Japanese yen, as well as multi-year comparative analysis of oil quoted against other currencies. For example, by building a percentage chart in the NetTradeX terminal for two instruments &WTI/JPY and OIL - the continuous CFD on WTI oil futures in USD (Рict. 1), it is evident that two periods stand out in the last five years: from 2010 to 2012 Oil exhibited almost identical dynamics against both JPY and USD; from 2013-2014, Oil exhibits significantly higher growth dynamics against JPY compared with the growth against USD.

Oil vs Yen

Traders, whose main assets and investments are denominated in Japanese yen, will be comfortable trading this PCI.

Limit volumes (USD) for base and quoted parts = 1000.00 ; 1000.00.

To trade PCI instruments offered exclusively by IFC Markets, you need to open a free account and download the NetTradeX platform.