WTI Crude vs Japanese Yen - WTI JPY Trading
Market Exchange Rate
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.
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PCI Components and their volume
PCI main trading conditions
PCI active trading hours
How can PCI be applied in trading?
|&WTI/JPY||№||Asset||Volume / 1 PCI||Percentage||Volume (USD) / 1 PCI||Unit of measurеment|
- 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
- 573.50 USD
|Swap (long/short) in pips on Vol||-11.844 / -14.207||-11.844 / -14.207||-11.844 / -14.207|
|>=206.83||2.07 – 1000.00||>=2.07|
|The value of 1 pip in USD for the Vol||0||0||0|
|Week day||Trading hours (CET)||Local trading hours|
|Monday||01:00 — 23:00, 00:00 — 24:00||01:00 — 23:00, 00:00 — 24:00|
|Tuesday||00:00 — 23:00, 00:00 — 24:00||00:00 — 23:00, 00:00 — 24:00|
|Wednesday||00:00 — 23:00, 00:00 — 24:00||00:00 — 23:00, 00:00 — 24:00|
|Thursday||00:00 — 23:00, 00:00 — 24:00||00:00 — 23:00, 00:00 — 24:00|
|Friday||00:00 — 22:00||00:00 — 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.
Traders, whose main assets and investments are denominated in Japanese yen, will be comfortable trading this PCI.
To trade PCI instruments offered exclusively by IFC Markets, you need to open a free account and download the NetTradeX platform.